Definitions for "Winding-up"
The voluntary or compulsory liquidation of a company.
(Or liquidation) - the procedure whereby the assets of a company (or partnership) are gathered in and realised, the liabilities met and the surplus, if any, distributed to members.
formal procedure for disbanding a company. This may be voluntary by the members where a company no longer has any purpose but commonly happens when the company is insolvent.
Keywords:  cessation, business
The cessation of a business.