"winding-up." YourDictionary, n.d. Web. 17 December 2018. <https://www.yourdictionary.com/winding-up>.
winding-up. (n.d.). Retrieved December 17th, 2018, from https://www.yourdictionary.com/winding-up
winding up - Legal Definition
process of dissolving a partnership or corporation by collecting all assets and
outstanding income, satisfying all the creditors claims, and distributing
whatever remains (the net assets). These may be distributed as cash or in kind,
first to preferred stockholders, if any, and then to remaining shareholders, if
any, pro rata. Winding up is in anticipation of a company’s dissolution. See