OUT OF BUSINESS Meaning and
Definition
-
The term "out of business" refers to a situation where a company, enterprise, or individual ceases its operations and is no longer conducting commercial activities. This can occur due to a variety of reasons, such as financial difficulties, inability to generate profits, changes in market conditions, or bankruptcy. When a business is out of business, it means that it has permanently stopped producing goods or services and has closed its doors to customers.
Typically, this state implies the termination of employment for all staff members, as there is no longer a need for manpower to continue day-to-day operations. Additionally, when a business declares itself out of business, it usually involves the process of liquidation, where the company's assets are sold to pay off debts and obligations to creditors.
Being out of business has substantial implications for the entity involved. It often leads to loss of investments, financial hardships, and even personal bankruptcy for owners and stakeholders. It may also impact the local economy by causing job losses and affecting the supply chain.
Overall, the phrase "out of business" signifies the endpoint of an enterprise's commercial activities, indicating that it has permanently closed down and is no longer actively engaged in trade or providing goods and services to customers.
Common Misspellings for OUT OF BUSINESS
- iut of business
- kut of business
- lut of business
- put of business
- 0ut of business
- 9ut of business
- oyt of business
- oht of business
- ojt of business
- oit of business
- o8t of business
- o7t of business
- our of business
- ouf of business
- oug of business
- ouy of business
- ou6 of business
- ou5 of business
- out if business
- out kf business
Idioms with the word OUT OF BUSINESS
-
put (someone or something) out of business
The idiom "put (someone or something) out of business" means to cause the closure or failure of a person, company, or organization's operations or activities. It implies rendering them unable to continue their business due to competition, financial difficulties, or other factors.
-
get nose out of business
The idiom "get nose out of business" means to stop interfering or prying into someone else's affairs or personal matters. It suggests that a person should mind their own business and refrain from being nosy or intrusive.
-
go out of business
The idiom "go out of business" refers to the event or process of a company, organization, or establishment ceasing its operations or activities permanently due to financial failure, insolvency, or inability to sustain profitability.
-
be put out of business
The idiom "be put out of business" means to have one's business or organization forced to close or cease operations, often as a result of competition, financial difficulties, or other adverse circumstances. It implies that the entity has become unable to sustain its operations and has been effectively forced to shut down.
-
keep nose out of business
The definition of the idiom "keep nose out of business" is to mind one's own affairs and avoid interfering in or becoming involved in matters that do not concern oneself. It is a reminder to refrain from being nosy, prying, or sticking one's nose into someone else's business.
-
out of business
The idiom "out of business" refers to a situation in which a company or business has ceased operations and is no longer functioning or operational. It typically implies that the business has closed down permanently and is no longer conducting any commercial transactions.
Infographic
Add the infographic to your website:
