English version

winding up

From Longman Business Dictionary
Related topics: Trade, Law
winding upˌwinding ˈup noun [singular, uncountable] COMMERCELAWwhen a business or organization is closed down, especially because it cannot pay its debtsRedeemable preference shares carry a preferential right to repayment of capital on a winding up.The High Court issued a winding up order against the firm’s operations in the UK. compulsory winding up voluntary winding up
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