winding up meaning

winding up meaning Wind up phrasal verb with wind verb uk wa nd us wa nd wound wound informal to find yourself in an unexpected and usually unpleasant situation especially as a result of

Winding up refers to the process of liquidating the assets of a business that has ceased operations The sole purpose of a business that is winding up is to sell off The meaning of WINDING UP is 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

winding up meaning

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If you wind up in a particular place situation or state you are in it at the end of a series of actions events or experiences even though you did not originally intend to be He could wind up in gaol Noun the process of finishing or closing something esp the process of closing down a business Collins English Dictionary Copyright HarperCollins Publishers Examples of winding up in a sentence winding up

Winding up definition the process of finishing or closing something esp the process of closing down a business See examples of WINDING UP used in a sentence Wind up phrasal verb with wind verb us wa nd uk wa nd wound wound informal to find yourself in an unexpected and usually unpleasant situation especially as a result of

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Winding up definition and meaning Winding Up is a way of dissolving a company or partnership by selling off all its assets collecting any outstanding income making sure that creditors are paid from the proceeds and Winding up is the process of shutting down business operations and liquidating assets The only aim of winding up is asset sales and paying off creditors Any remaining assets are distributed to the owners and shareholders There are two main types of winding up compulsory and voluntary What Is Winding Up

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