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winding-up

2 ENTRIES FOUND:

winding–up

noun wind·ing–up \ˌwīn-diŋ-ˈəp\

Definition of WINDING-UP

British
:  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

First Known Use of WINDING-UP

circa 1858

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