closure year
[ˈkloʊ.ʒər jɪr]
nounpl: closure years
ano de encerramento
1. The final fiscal or calendar year during which a business, organization, or facility ceases operations before permanent shutdown
The factory's closure year was 2023, marking the end of 50 years of production.
O ano de encerramento da fábrica foi 2023, marcando o fim de 50 anos de produção.
2. In accounting, the last fiscal period during which financial records are finalized before an entity ceases to exist
All outstanding invoices must be processed during the closure year.
Todas as faturas pendentes devem ser processadas durante o ano de encerramento.
3. The year in which a school, hospital, or public institution officially closes its doors
The school's closure year was announced as 2024 due to declining enrollment.
O ano de encerramento da escola foi anunciado como 2024 devido à queda de matrículas.
This term is commonly used in corporate communications, financial statements, and official announcements in both the United States and Brazil when organizations need to formally communicate the end of operations. In Brazil, it's frequently encountered in labor discussions and formal business documentation.
Related Idioms & Phrases
the writing is on the wall (indicating closure is imminent)
the final countdown (referring to closure year progression)
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