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Christine Christie Posted 6 years ago
Grammar

Folded

Consider the following sentence:


"There have been no seven- or even six-figure gifts to the Ronald and Nancy Reagan Research Institute from friends as there were to Nancy’s anti-drug foundation before it FOLDED in 1995."


In this context, does 'folded' mean 'shut down'?

  

Top answer

Effectively, yes.

  • Effectively, yes.
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