Closure (noun)

1. The act of closing or the state of being closed.
2. The ending or conclusion of a particular event, action, or state.
3. The termination or winding up of a business, organization, or institution.
4. The process of shutting down or ending something.

Origin:

The word 'closure' comes from the latin 'clausura' meaning 'a shutting, enclosing or blocking off.'.

Examples:

1. The closure of the factory had a major impact on the local economy.
2. The closure of the school was a difficult decision for the administration.
3. The closure of the program marked the end of an era.
4. The closure of the investigation was a relief to many people.
5. The closure of the store was a surprise to everyone.