Meaning of “lay sth up” in the English Dictionary

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"lay sth up" in Business English

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lay sth up

phrasal verb with lay uk /leɪ/ us verb [ T ] laid, laid

to stop a machine, ship, or vehicle, for example when it needs repairs or there is not enough work to do:

Eighteen of our biggest cargo ships were laid up until business improved.

(Definition of “lay sth up” from the Cambridge Business English Dictionary © Cambridge University Press)