Out of business: meaning, definitions and examples

Generally used to indicate that a company or business is no longer operating, often over an extended period. It suggests that the business is permanently closed.

• The small bookstore went out of business due to the rise of online shopping.
• Many local shops have gone out of business because of the economic downturn.

Indicates that a business has been permanently closed. This term is commonly used in both formal and informal contexts, often describing the result of financial troubles or strategic decisions.

• The factory closed down after 50 years of operation.
• They closed down the old movie theater to make room for new housing projects.

This phrase can be used in a similar way to 'closed down', but it can also imply a more sudden or abrupt closure. It can refer to temporary closures as well.

• The authorities shut down the nightclub after multiple safety violations.
• Due to the storm, many businesses shut down for the day.

Often used in a formal or official context, indicating that a business has stopped its operations. It can imply either a temporary or permanent situation.

• The company has ceased trading while they restructure their operations.
• The notice on the door indicated that the restaurant has ceased trading.