Winding Up
A process that entails selling all the assets of a business entity, paying off creditors, distributing any remaining assets to the principals, and then dissolving the business.

Investopedia Says:
Essentially, "winding up" is just another term for liquidation.

Related Terms:
Bankruptcy
Liquidation

• Earned Income Credit (EIC)
• Earned Income Credit (EIC)
• Earned Premium
• Earnest Money
• Earning Assets
• Earnings
• Earnings Before Interest After Taxes (EBIAT)
• Earnings Before Interest After Taxes (EBIAT)
• Earnings Before Interest, Depreciation And Amortization (EBIDA)
• Earnings Before Interest, Depreciation And Amortization (EBIDA)
• Earnings Before Interest, Tax, Amortization And Exceptional Items (EBITAE)
• Earnings Before Interest, Tax, Amortization And Exceptional Items (EBITAE)
• Earnings Before Interest, Tax and Depreciation (EBITD)
• Earnings Before Interest, Tax and Depreciation (EBITD)
• Earnings Before Interest & Tax (EBIT)
• Earnings Before Interest & Tax (EBIT)
• Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR)
• Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR)
• Earnings Before Interest, Taxes, Depreciation, Amortization And Special Losses (EBITDAL)
• Earnings Before Interest, Taxes, Depreciation, Amortization And Special Losses (EBITDAL)
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
• Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses (EBITDAX)
• Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses (EBITDAX)
• Earnings Before Tax (EBT)