winding-up

noun

wind·​ing-up ˌwīn-diŋ-ˈəp How to pronounce winding-up (audio)
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 Creditors filed a winding-up petition against Country Garden in Hong Kong court in late February. Nicholas Gordon, Fortune Asia, 14 Mar. 2024 Evergrande’s winding-up petition case number is HCCW 220/2022. TIME, 29 Jan. 2024 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

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

Time Traveler
The first known use of winding-up was circa 1858

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 21 Jul. 2024.

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