wound-up


wound-up
The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures - a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a compulsory winding up by the court. Once the process starts the company is administered by a liquidator who disposes of all assets, and distributes the remainder to members or creditors. When the process is complete, the company is struck off the Companies Register and ceases to exist.

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  • wound — n Wound, trauma, traumatism, lesion, bruise, contusion are comparable when they mean an injury to one of the organs or parts of the body. Wound generally denotes an injury that is inflicted by a hard or sharp instrument (as a knife, a bullet, or… …   New Dictionary of Synonyms

  • Wound — Wound, v. t. [imp. & p. p. {Wounded}; p. pr. & vb. n. {Wounding}.] [AS. wundian. [root]140. See {Wound}, n.] [1913 Webster] 1. To hurt by violence; to produce a breach, or separation of parts, in, as by a cut, stab, blow, or the like. [1913… …   The Collaborative International Dictionary of English

  • wound — wound1 [wo͞ond] n. [ME wunde < OE wund, akin to Ger wunde < IE * wen , var. of base * wā , to hit, wound > WEN1] 1. an injury to the body in which the skin or other tissue is broken, cut, pierced, torn, etc. 2. an injury to a plant… …   English World dictionary

  • Wound — (?; 277), n. [OE. wounde, wunde, AS. wund; akin to OFries. wunde, OS. wunda, D. wonde, OHG. wunta, G. wunde, Icel. und, and to AS., OS., & G. wund sore, wounded, OHG. wunt, Goth. wunds, and perhaps also to Goth. winnan to suffer, E. win.… …   The Collaborative International Dictionary of English

  • wound — [n] injury anguish, bruise, cut, damage, distress, gash, grief, harm, heartbreak, hurt, insult, laceration, lesion, pain, pang, shock, slash, torment, torture, trauma; concept 309 wound [v1] cause bodily damage bruise, carve, clip*, contuse, cut …   New thesaurus

  • wound´ed|ly — wound|ed «WOON dihd», adjective, noun. –adj. 1. suffering from a wound or wounds: »Kay near him groaning like a wounded bull (Tennyson). 2. Figurative. deeply pained or grieved: »The quiet of my wounded conscience (Shakespeare). –n. the wounded,… …   Useful english dictionary

  • wound|ed — «WOON dihd», adjective, noun. –adj. 1. suffering from a wound or wounds: »Kay near him groaning like a wounded bull (Tennyson). 2. Figurative. deeply pained or grieved: »The quiet of my wounded conscience (Shakespeare). –n. the wounded, those who …   Useful english dictionary

  • wound´i ly — wound|y «WOON dee», adjective. Especially British Dialect. very great; extreme; excessive. ╂[< (God s) wound(s), an oath, swounds + y1] –wound´i ly, adverb …   Useful english dictionary

  • wound|y — «WOON dee», adjective. Especially British Dialect. very great; extreme; excessive. ╂[< (God s) wound(s), an oath, swounds + y1] –wound´i ly, adverb …   Useful english dictionary

  • Wound — Wound, imp. & p. p. of {Wind} to twist, and {Wind} to sound by blowing. [1913 Webster] …   The Collaborative International Dictionary of English

  • wound up — [ˌwaund ˈʌp] adj [not before noun] anxious, worried, or excited ▪ I was too wound up to sleep …   Dictionary of contemporary English