winding–up

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noun wind·ing–up \ˌwīn-diŋ-ˈəp\

Definition of winding–up

British

  1. :  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

Circa 1858

First Known Use of winding–up

circa 1858

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the art of making engravings on wood

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