Pronunciation: (fōld'up"), [key]
1. something, as a chair or bed, that can be folded up and stored away when not in use.
2. termination or closing: the foldup of the town's newspaper.
3. a giving in; capitulation: a foldup of management under union pressure. Also,fold'-up".
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.