winding-up
noun
wind·ing-up
ˌwīn-diŋ-ˈəp 
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
Examples of winding-up in a Sentence
Recent Examples on the Web
Fortune Country Garden gets a winding-up petition A creditor of Country Garden, the Chinese mega-developer that defaulted on its debt last October, filed a winding-up petition in Hong Kong court.
—
Peter Vanham, Fortune, 28 Feb. 2024
The company said Wednesday that creditor Ever Credit Limited filed a winding-up petition over HK$1.6 billion ($204.5 million) in unpaid loans, according to a filing with the Hong Kong Stock Exchange.
—Yue Wang, Forbes, 27 Feb. 2024
The winding-up petition was filed by Ever Credit Limited, which had lent Country Garden a term loan facility worth 1.6 billion Hong Kong dollars ($204.5 million), the developer said in a Wednesday stock exchange filing.
—Juliana Liu, CNN, 27 Feb. 2024
Liquidation Demanded Officially, a winding-up petition to liquidate Farfetch Limited was filed by Wilmington Trust, acting on behalf of the Ad Hoc Group whose members hold more than 50% of Farfetch 3.75% convertible notes due in 2027.
—Pamela N. Danziger, Forbes, 10 Feb. 2024
Such orders mean that the court would regulate the winding-up process, potentially including appointing a liquidator.
—TIME, 29 Jan. 2024
The first session on the winding-up petition is scheduled for 9:30 a.m. local time.
—Nicholas Gordon, Fortune Asia, 26 Jan. 2024
The developer faces a winding-up hearing in Hong Kong on Dec. 4, which may put the company at risk of liquidation.
—Bylionel Lim, Fortune, 24 Nov. 2023
The company was set to have a winding-up hearing in Hong Kong on Monday, after a petition previously filed by a creditor.
—Frances Yoon, WSJ, 30 Oct. 2023
Peter Vanham, Fortune, 28 Feb. 2024
The company said Wednesday that creditor Ever Credit Limited filed a winding-up petition over HK$1.6 billion ($204.5 million) in unpaid loans, according to a filing with the Hong Kong Stock Exchange.
—Yue Wang, Forbes, 27 Feb. 2024
The winding-up petition was filed by Ever Credit Limited, which had lent Country Garden a term loan facility worth 1.6 billion Hong Kong dollars ($204.5 million), the developer said in a Wednesday stock exchange filing.
—Juliana Liu, CNN, 27 Feb. 2024
Liquidation Demanded Officially, a winding-up petition to liquidate Farfetch Limited was filed by Wilmington Trust, acting on behalf of the Ad Hoc Group whose members hold more than 50% of Farfetch 3.75% convertible notes due in 2027.
—Pamela N. Danziger, Forbes, 10 Feb. 2024
Such orders mean that the court would regulate the winding-up process, potentially including appointing a liquidator.
—TIME, 29 Jan. 2024
The first session on the winding-up petition is scheduled for 9:30 a.m. local time.
—Nicholas Gordon, Fortune Asia, 26 Jan. 2024
The developer faces a winding-up hearing in Hong Kong on Dec. 4, which may put the company at risk of liquidation.
—Bylionel Lim, Fortune, 24 Nov. 2023
The company was set to have a winding-up hearing in Hong Kong on Monday, after a petition previously filed by a creditor.
—Frances Yoon, WSJ, 30 Oct. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'winding-up.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
circa 1858, in the meaning defined above
Dictionary Entries Near winding-up
Cite this Entry
“Winding-up.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/winding-up. Accessed 19 Apr. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share