/dɪˈzɒlv/ – verb
Definition: 1. hủy bỏ;
2. chấm dứt (hợp đồng);
3. xóa bỏ;
4. tan rã, hòa tan.
A more thorough explanation: In legal terms, “dissolve” typically refers to the termination or winding up of a corporation, partnership, or other legal entity. Dissolving a business entity involves the formal process of ending its existence, usually through a legal procedure such as filing dissolution documents with the appropriate government authorities.
Example: Upon approval by the board of directors, the company will proceed to dissolve its partnership with the third-party vendor.