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FINDLAW LEGAL DICTIONARY

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Wind Up

wind up vt

wound up
wind·ing up
: to bring to an end by taking care of unfinished business [ordered to wind up his practice]
;specif
: to conclude by removing liabilities and distributing any remaining assets to partners or shareholders [wind up the business and affairs of a corporation in dissolution] [wind up a receivership]



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.