In a story or play, what does denouement refer to?

Denouement refers to the resolution of a story where the complexities and conflicts are resolved, leading to a clear understanding of the narrative's outcomes. It typically occurs after the climax and involves the unraveling of the plot threads, allowing any unresolved issues to be addressed and providing closure for the characters and the audience. This stage is crucial for tying together various elements of the story, clarifying the fates of the characters, and bringing the narrative to a satisfying conclusion. In contrast, other phases of a story, such as the beginning (which establishes the setting and introduces characters) and the climax (the peak of tension), serve different roles in the overall structure of a narrative.