wind up

phrasal verb·1 sense·particle up

Meanings

1

Conclude or settle a matter

Why “up”? Filling to the top. Reaching the upper limit means finishing.

They wound up the company last year.
They closed down the company last year, finalising its affairs.
The lawyer wound up the old trust.
The lawyer closed the old trust and finalised its affairs.

Don't confuse with

wind upwind down

Wind up means conclude or settle a matter. Wind down means relax after activity.

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They wound up the company last year. What does it mean?

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