noun Date: circa 1858 British the process of liquidating the assets of a partnership or corporation in order to pay creditors and make distributions to partners or shareholders upon dissolution

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • winding up — n. Concluding the affairs of a corporation or partnership that is being liquidated, including paying off debts and distributing the remaining assets. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …   Law dictionary

  • winding-up — The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a… …   Law dictionary

  • winding up — see liquidation London Stock Exchange Glossary * * * winding up ˌwinding ˈup noun [singular, uncountable] COMMERCE LAW when a business or organization is closed down, especially because it cannot pay its debts: • Redeemable preference shares… …   Financial and business terms

  • winding-up — /waɪndɪŋ ˈʌp/ (say wuynding up) noun 1. a concluding, especially the stopping of a business operation with the realising of assets, discharging of liabilities, etc. –adjective 2. of or relating to such a concluding: the winding up period was… …   Australian English dictionary

  • winding up — / waɪndɪŋ ʌp/ noun liquidation, the act of closing a company and selling its assets ♦ a compulsory winding up order an order from a court saying that a company must be wound up …   Dictionary of banking and finance

  • Winding Up — A process that entails selling all the assets of a business entity, paying off creditors, distributing any remaining assets to the principals, and then dissolving the business. Essentially, winding up is just another term for liquidation …   Investment dictionary

  • winding up —    The process that occurs just before a corporation or partnership ceases to exist, which involves liquidating the assets, paying bills, distributing any remaining assets to the shareholders or partners, and then dissolving the business. Winding …   Business law dictionary

  • winding-up — The end of a company by selling off its assets to pay off creditors and distributing the remaining funds to its shareholders. Also called Liquidation …   Financial and business terms

  • winding up — End, conclusion, catastrophe, denouement, issue …   New dictionary of synonyms

  • winding-up — See: liquidation …   Accounting dictionary

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