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Meaning of foldup

fold•up

Pronunciation: (fōld'up"), [key]
— n.
  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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.