winding up

Definition of "winding up"
  1. The process of settling and closing a business or trust by liquidating assets, settling debts, and distributing the remaining properties to rightful inheritors or shareholders
How to use "winding up" in a sentence
  1. After the company's bankruptcy, the management began winding up by liquidating assets.
  2. Upon her aunt's passing, she was tasked with winding up the estate.
  3. His role in the partnership involved winding up the business after its last project.

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