go belly-up

go belly-up
vb
a.
to die
► 'Just another fat junkie who went belly-up.' (Tatler, October 1989)
b.
to fail or collapse. Said typically of a business or other venture.
► 'He lost all his equity when the firm went belly-up in the recession of 81.' (WallStreet, US film, 1987) These senses are based on the image of a dying fish or a supine dead animal.
c.
to give in, yield, submit. This refers to the animal behaviour whereby the soft underparts are exposed to an adversary as a sign of submission.

Contemporary slang . 2014.

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