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to go out of business
01
to cease to exist as a functional company or business due to financial challenges or difficulties
![to [go] out of business definition and meaning](https://cdn.langeek.co/photo/62361/original/?type=jpeg "to [go] out of business definition and meaning")
Idiom
Exemple
After decades of operation, the family-owned bookstore had to go out of business due to competition from online retailers.
Despite efforts to revitalize the company, it was forced to go out of business, unable to recover from financial losses.
