词汇 | winding-up |
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 alsocompulsory winding up voluntary winding up wind up |
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