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Business failure
(redirected from Going out of business)

   Also found in: Wikipedia 0.03 sec.
Business failure
A business that has terminated operations with a loss to creditors.

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I am writing this because the local skateshop that I have been supporting and have been loyal to for the past three years is slowly but surely going out of business.
Now, Wilson's mother, Lynne, has decided to retire and has sold the building to a chiropractic group, which means the store will be going out of business Sept.
We have witnessed, with much satisfaction, the trajectory of this company and the way in which it brought together a string of beeper companies that were going out of business, and who are today united as a single provider with very attractive cash flows," says Douglas Velasquez, president of the Colombian Association of Internet Companies.
 
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