Define: Winding-up Petition

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Definition: Winding-up Petition

Quick Summary of Winding-up Petition

A winding up petition (WUP) is a legal action taken by a creditor or creditors against a company that owes them money (although others can also petition).

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What is the dictionary definition of Winding-up Petition?

Dictionary Definition

In the UK, a winding-up petition is a documented presented to the court pursuing an order with the intent of a company being placed into compulsory liquidation.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/winding-up-petition/
Modern Language Association (MLA):
Winding-up Petition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 17, 2020 https://payrollheaven.com/define/winding-up-petition/.
Chicago Manual of Style (CMS):
Winding-up Petition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/winding-up-petition/ (accessed: February 17, 2020).
American Psychological Association (APA):
Winding-up Petition. PayrollHeaven.com. Retrieved February 17, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/winding-up-petition/

Definition Sources

Definitions for Winding-up Petition are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th January 2019.