Meaning of the word "make or break" in English

What does "make or break" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

make or break

US /meɪk ɔr breɪk/
UK /meɪk ɔː breɪk/
"make or break" picture

Idiom

a situation or event that will result in either total success or total failure

Example:
This new product launch is a make or break moment for the company.
The final exam will make or break his chances of getting into a good university.