Winding up

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Wall Street Journal  Jul 23  Comment 
Apple's ho-hum quarter gives little insight into coming products, but investors have charged ahead anyway.
Wall Street Journal  Jul 22  Comment 
Apple's ho-hum quarter gives little insight into coming products, but investors have charged ahead anyway.
The Hindu Business Line  May 29  Comment 
City-based United Bank of India has filed a winding up petition against Vijay Mallya-promoted Kingfisher Airlines for failing to retire loans amounting to Rs 336 crore, an official of the bank sai...
The Hindu Business Line  Feb 3  Comment 
The High Court of Punjab and Haryana, at a hearing held on January 20, passed the winding up order against KLG Systel. The order was passed in a case relating to the Bank of New York Melon a...
Canada.com  Dec 17  Comment 
The Toronto stock market closed little changed Tuesday as traders hoped that a two-day meeting of the Federal Reserve will end uncertainty over what the U.S. central bank may decide to do about cutting back on a key stimulus program
The Hindu Business Line  Dec 16  Comment 
The issue also involves recovering public money of around Rs 6,500 crore due to various banks.
The Economic Times  Nov 23  Comment 
Etisalat Mauritius invested over Rs 3500 crore in Swan Telecom and the company was renamed Etisalat DB Telecom Private Ltd.
The Hindu Business Line  Nov 21  Comment 
Pushing forward the new companies law, the government today issued the final set of draft rules, relating to winding up of firms and cost audit.With the latest two tranches, the Corporate A...
The Hindu Business Line  Sep 16  Comment 
The Karnataka High Court today directed UB Group Chairman, Vijay Mallya, to appear before it tomorrow in connection with a bunch of winding up petitions filed by creditors who are trying to get ba...
The Hindu Business Line  Sep 12  Comment 
UB Group chairman Vijay Mallya today expressed hope that out-of-court settlements could be reached in some of the winding up petitions filed by creditors of United Breweries Holding Limited (UBHL)...




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Winding up

To liquidate (sell or dispose of) assets of a corporation or partnership. [1] Liquidating the assets of a corporation or partnership, settling accounts, paying bills, distributing remaining assets to shareholders or partners, and then dissolving the business. Winding up a non-profit corporation requires a plan for distribution of assets to some charitable or other non-profit entity. [2]

For example, a portfolio manager might decide to liquidate a position in a stock by selling all the shares of that stock held in the portfolio. [1]

c.1575, "to reduce to order, to set out clearly," sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924. [3] Wind up "come to a conclusion" is from 1825. Winding sheet "shroud of a corpse" is attested from 15c. [4]

References

  1. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. ISBN-10: 0618176519 pg212
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