Winding
/ˈwaɪndɪŋ/
Definitions
- (n.) The legal process of dissolving a company or partnership by settling its debts and distributing any remaining assets.
The winding of the company was completed after all creditors were paid.
Related terms
See also
Commentary
In legal contexts, 'winding' typically appears as part of the phrase 'winding up,' referring specifically to the closing operations of a company or partnership.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.