run-down

(also rundown)

/ˈrʌnˌdaʊn/ noun [S]

Definition

› a quick description of a situation, idea, etc. that explains the main points: a rundown of sth The following is a rundown of our most recent deals. He gave us a run-down of the company's financial situation.

› ECONOMICS the process of making a business or industry smaller or of ending its operations completely: the rundown of sth The region has been battered by the rundown of the coal and steel industries. The party accuses the Prime Minister of promoting the rundown of manufacturing employment.

(Definition of run-down noun from the Cambridge Business English Dictionary © Cambridge University Press)