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wind up

wind up ( vt ) wound up winding 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]

Merriam-Webster’s Dictionary of Law ©2016 Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.