Usually means: Cease operations or business permanently.
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We found 18 dictionaries that define the word close down:

General (13 matching dictionaries)
  1. close-down: Oxford Learner's Dictionaries
  2. close-down, close-down, close down: Collins English Dictionary
  3. close down: Vocabulary.com
  4. close (sth) down: Cambridge Advanced Learner's Dictionary
  5. close down: Wiktionary
  6. close down: Dictionary.com
  7. close down: Rhymezone
  8. close down: FreeDictionary.org
  9. close down: Mnemonic Dictionary
  10. close-down, close down: TheFreeDictionary.com
  11. close down: Longman Dictionary of Contemporary English

Business (2 matching dictionaries)
  1. close down: Legal dictionary
  2. close down: Financial dictionary

Computing (1 matching dictionary)
  1. close down: Encyclopedia

Medicine (1 matching dictionary)
  1. close down: Medical dictionary

Miscellaneous (1 matching dictionary)
  1. close down: Idioms

(Note: See close_downs as well.)

Definitions from Wiktionary (close down)

verb:  (ambitransitive) To stop trading as a business.
verb:  (transitive) To surround someone, as to impede their movement.

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