Term:
Cessation (of business)
Definition:
The cessation of activities of a unit can occur either due to a (real) death of the unit, or due to other cessation by a merger, take-over, break-up or discontinuity point according to the continuity rules.
Domain:
Statistical Business Registers
Source:
European Commission, Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat – OECD Manual on Business Demography Statistics", Methodologies and Working papers, Publication Office of the European Communities, Luxembourg, 2007.
