Meaning / Definition of
Close Down
Categories: Banking,
phrasal verbto shut a shop, factory, or service for a long period or for ever ExamplesThe company is closing down its London office. • The accident closed down the station for a period.(of a shop, factory, or service)to stop doing business or operating"...the best thing would be to have a few more plants close down and bring supply more in line with current demand" [Fortune]
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Credit Default Swap
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