wind up

wind up
wind up vt wound up, wind·ing up: to bring to an end by taking care of unfinished business
ordered to wind up his practice; specif: to conclude by removing liabilities and distributing any remaining assets to partners or shareholders
wind up the business and affairs of a corporation in dissolution
wind up a receivership

Merriam-Webster’s Dictionary of Law. . 1996.

wind up
index close (terminate), complete, expire, finish, terminate

Burton's Legal Thesaurus. . 2006


wind up
+ winding up, Also known as wind up.
USA
The process before dissolution of a business which involves selling all of its assets, paying off creditors, and distributing any remaining proceeds to shareholders.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


wind up
The last phase in the dissolution of a partnership or corporation, in which accounts are settled and assets are liquidated so that they may be distributed and the business may be terminated.

Dictionary from West's Encyclopedia of American Law. 2005.


wind up
The last phase in the dissolution of a partnership or corporation, in which accounts are settled and assets are liquidated so that they may be distributed and the business may be terminated.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

wind up
v.
   to liquidate (sell or dispose of) assets of a corporation or partnership.
   See also: winding up

Law dictionary. . 2013.

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