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单词 winding up
释义

winding up

Definition
Method of dissolving a business by selling off its assets and satisfying the creditors from the proceeds of the sale. Three common types of windings up are (1) Members voluntary winding up, (2) Creditors voluntary winding up, and (3) Compulsory winding up. Called liquidation in the US, it is not the same as bankruptcy or business failure.
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更新时间:2025/4/17 9:12:34