/ˈwaɪndɪŋ-ʌp/ – noun
Definition: quá trình giải quyết, thanh toán, giải thể.
A more thorough explanation: Winding-up refers to the process of closing down a business or company, where its assets are liquidated to pay off creditors and any remaining funds are distributed to shareholders. This process is typically overseen by a liquidator or insolvency practitioner and may involve selling off assets, settling debts, and formally dissolving the company.
Example: The company went into winding-up proceedings after facing financial difficulties.