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

Just days earlier, the bank had reportedly been hit with a winding-up petition from U.K. tax authorities over unpaid debts. —Robert Olsen, Forbes, 8 Sep. 2024

Creditors filed a winding-up petition against Country Garden in Hong Kong court in late February. —Nicholas Gordon, Fortune Asia, 14 Mar. 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 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

Such orders mean that the court would regulate the winding-up process, potentially including appointing a liquidator. —TIME, 29 Jan. 2024

Word History

First Known Use

circa 1858, in the meaning defined above

Rhymes for winding-up

• buttercup
• backup
• blowup
• breakup
• buildup
• checkup
• cleanup
• holdup
• hookup
• lineup
• lockup
• makeup