winding up,n. The process of settling accounts and liquidating assets in anticipation of a partnership’s or a cor-poration’s dissolution. Cf. DISSOLUTION(3). [Cases: Corporations  618; Partnership  277.C.J.S. Cor-porations §§ 859, 861–862; Partnership §§ 318–320.] — wind up,vb. — wind up,n.
[Blacks Law 8th]