close-down Meaning in the Cambridge English Dictionary
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Meaning of “close-down” in the English Dictionary

"close-down" in Business English

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close-downnoun [C or U]

(also close down, closedown) uk   us  
the ​act or ​process of ​ending the ​operations of a ​business, ​system, ​industry, etc. either temporarily or permanently: The ​partialgovernment close-down is now in a ​record 20th day.
See also
ACCOUNTING the ​act of ​ending the ​payment of ​invoices for a particular month or the ​date this ​happens, so that any ​invoices received after this ​date are not ​processed until the ​following month: Monthly ​close down of ​costs will usually occur at the end of each ​calendar month. Be aware that without ​forwardplanning the Christmas close-down ​period can delay ​payment by 28 days.
(Definition of close-down from the Cambridge Business English Dictionary © Cambridge University Press)
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