Winding Up Definition

verb

The 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 also liquidate.

Webster's New World Law
Present participle of wind up.
Wiktionary
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noun

A term used when a company is wound up (goes into liquidation), or when a partnership is dissolved.

Wiktionary
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Other Word Forms of Winding Up

Noun

Singular:
winding up
Plural:
windings-up

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Unscrambles

winding up
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