fold up

Short definition from Wiktionary

Verb

1. 1
   To make or become more compact by folding.
2. 2
   To surrender, abandon or give up under pressure.
3. 3
   To go out of business; to stop doing something.
4. 4
   To move on, as in a traveling circus taking down its tents and attractions and moving to a new location.

Adjective

1. 1
   Able to be folded up; especially, easy to fold up.

Noun

1. 1
   A piece of furniture that is easily folded up for storage or transport.