winding up definition

winding up

Method of dissolving a business by selling off its assets and satisfying the creditors from the proceeds of the sale. Three common types of windings up are (1) Members voluntary winding up, (2) Creditors voluntary winding up, and (3) Compulsory winding up. Called liquidation in the US, it is not the same as bankruptcy or business failure.

winding up is in the Entrepreneurship, Management, & Leadership subject.

winding up appears in the definitions of the following terms: common stock, official receiver, voluntary winding up, fraudulent trading, liquidator, liquidation and settlement

winding up appears in these other terms: compulsory winding up, members' voluntary winding up

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