- fold something up
- fold something up†1. Lit. to double something over into its original folded position. •
Please fold the paper up when you are finished.
•Please fold up the paper.
2. Fig. to put an end to something; to close a money-losing enterprise. •Mr. Jones was going broke, so he folded his business up.
•The producer decided to fold up the play early. It was losing money.
Dictionary of American idioms. 2013.