See liquidation
Found on
http://www.aviva.com/glossary/
The EU term for the liquidation of an insurance company - a rare event in insurance, and a very rare event in life insurance. See the difference with insolvency.
Found on
http://www.encyclo.co.uk/local/20197
(Or liquidation) - the procedure whereby the assets of a company (or partnership) are gathered in and realised, the liabilities met and the surplus, if any, distributed to members.
Found on
http://www.encyclo.co.uk/local/20407
The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures - a members voluntary winding up where a company is solvent, a creditors voluntary winding up for insolvent companies and a compulsory winding up by the court. Once the process starts the company is administered by a liquidator who dis...
Found on
http://www.encyclo.co.uk/local/20456
Formal procedure for disbanding a company. This may be voluntary by the members where a company no longer has any purpose. However, this commonly happens when the company is insolvent.
Found on
http://www.encyclo.co.uk/local/20546
Arranging the affairs of and then dissolving a company.
Found on
http://www.encyclo.co.uk/local/20912
(n) Winding up is the process by which the normal activities of the corporation or association of person is stopped and the assets and liabilities of the association is assessed and distributed among the shareholders as per the existing agreement. On winding up the organization cease to be a going concern. The owners are eligible to get the share o...
Found on
http://www.encyclo.co.uk/local/21213
See:... <a target=_blank href='http://www.finance-glossary.com/terms/winding-up.htm?id=1541&ginPtrCode=00000&PopupMode=false' title='Read full definition of winding up'>more</a>
Found on
http://www.finance-glossary.com/pages/home.htm
1) The process of liquidating or closing down a corporation, limited liability company, or partnership. Typically this involves paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain. 2) With respect to an estate or trust, gathering assets, paying debts, and dis...
Found on
http://www.nolo.com/dictionary/winding-up-term.html
(Or liquidation) - the procedure whereby the assets of a company (or partnership) are gathered in and realised, the liabilities met and the surplus, if any, distributed to members.
Found on
https://www.encyclo.co.uk/local/20527
The voluntary or compulsory closure of a company and the subsequent realisation of assets and payment to creditors
Found on
https://www.encyclo.co.uk/local/20911
No exact match found.
