| 释义 |
winding up
noun[ C or U ]
ukus
LAW, MANAGEMENT
the process of closing a business that is not successful and has debts that it cannot manage:
The most common ground for a winding up by the court is a company's inability to pay its debts.
winding-up order/petition/saleThe company was threatened with a winding-up order for non-payment of tax debts.
winding-up costs/date
grant/petition/vote for winding up
winding up occurs/takes place
FINANCE
the act of closing an investment, a pension agreement, etc.:
winding-up of a fund/pension/schemeEmployees could lose 60% of their pension entitlement with the winding-up of their fund.
See also
compulsory winding up voluntary winding up wind up
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