Glossary / Also known as

Winding up

Another name for Liquidation.

What does winding up mean?

Winding up is another name for Liquidation. The process of winding up a company, converting its assets to cash, paying creditors, and distributing residual assets to shareholders.

The two names mean the same thing. You will see "winding up" in some ledgers, reports and contracts and "Liquidation" in others. The full entry covers how it works, with examples.

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