Term:
Date of cessation (of local unit)
Definition:
Date of cessation of activities. It refers to the death or other deletion date of the local unit. As for legal units, this date may not be available with any precision, only the fact that the local unit has ceased to exist during the reference year may be known. Since the local unit is a part of an enterprise, situated in a geographically identified place, and the enterprise is a combination of production factors, the death of a local unit amounts to the dissolution of a (partial) combination of production factors at a geographically identified place.
Domain:
Statistical Business Registers
Source:
European Commission, Eurostat, "Business Registers Recommendations Manual", Methodologies and Working papers, Publication Office of the European Union, Luxembourg, 2010.