Meaning of the word "go to the wall" in English

What does "go to the wall" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

go to the wall

US /ɡoʊ tu ðə wɔl/
UK /ɡəʊ tu ðə wɔːl/
"go to the wall" picture

Idiom

to fail or be destroyed, especially financially

Example:
Many small businesses go to the wall during a recession.
Without more funding, the charity will surely go to the wall.