This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. English
  3. Law (general)

Unwinding a company

English translation: wind-up

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Unwinding a company
Selected answer:wind-up
Entered by: Sayed Fathy

06:19 Mar 19, 2017
English language (monolingual) [PRO]
Law/Patents - Law (general) / أمثلة: علم الأ
English term or phrase: Unwinding a company
Please I need your help to understand the main differences between (unwind and wind-up) a company.
thank you
Sayed Fathy
United Arab Emirates
Local time: 03:02
wind-up
Explanation:
Unwinding means unrolling something, like a ball of wool, a coil of cable, etc. and pulling it out into a straight line.
Winding-up means exactly the opposite, you roll up something into a ball or coil. But it can also be used figuratively to mean finishing or ending something by neatly tying up the loose ends. That could indeed be used for a company but the formal term is 'dissolving' the company.
Selected response from:

Tina Vonhof (X)
Canada
Local time: 17:02
Grading comment
Thank you
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +3wind-up
Tina Vonhof (X)
4 +1both mean the same: closing down, terminating, dissolving ..
Daryo
3 -3commencing/launching/incorporqting
AllegroTrans


  

Answers


8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
unwinding a company
wind-up


Explanation:
Unwinding means unrolling something, like a ball of wool, a coil of cable, etc. and pulling it out into a straight line.
Winding-up means exactly the opposite, you roll up something into a ball or coil. But it can also be used figuratively to mean finishing or ending something by neatly tying up the loose ends. That could indeed be used for a company but the formal term is 'dissolving' the company.

Tina Vonhof (X)
Canada
Local time: 17:02
Native speaker of: Native in DutchDutch, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thank you
Notes to answerer
Asker: Thank you


Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: I fail to see how this answers the asker's question vis-a-vis a company
1 hr
  -> It seems obvious to me from my explanation that 'unwinding' is not the right term. 'Winding up' is ok but 'dissolving' is a better term.
agree  acetran
23 hrs
agree  B D Finch: I think this is more like turning a jumper into balls of wool than unrolling a ball of wool into a straight line. It could also be seen as undoing all the various relationships and entanglements.//Re your comment on my 2nd suggestion: that's why I agree.
1 day 8 hrs
  -> When you unwind something, it is usually to straighten it out. Since unwind was not the correct term, I did not go into much detail. As for your second suggestion, that is included in 'winding up' a company.
agree  Yvonne Gallagher: "winding-up" is correct. Used in formal language as well and is used far more often than "dissolving"
3 days 1 hr
neutral  Daryo: all you've said is correct, but the answer to the Asker's specific question [the main differences between (unwind and wind-up) a company] is hiding somewhere in it.
3 days 23 hrs
Login to enter a peer comment (or grade)

10 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -3
unwinding a company
commencing/launching/incorporqting


Explanation:
I take "unwinding" to mean launching a company but I rather think this is US English.
"Winding-up" is the formal process of dissolving a company, either voluntarily or compulsorily through the court. The precise mechanisms for starting and ending a company vary strongly between different jurisdictions.
As you haven't given much context, I have tried to give a very general overview.

AllegroTrans
United Kingdom
Local time: 00:02
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 31
Notes to answerer
Asker: Thank you


Peer comments on this answer (and responses from the answerer)
disagree  Daryo: any example that in US "unwinding a company" means exactly the opposite of "unwinding a company" in UK? Couldn't find any!
5 hrs
disagree  Yasutomo Kanazawa: Unwind means to terminate.
12 hrs
disagree  acetran: unwinding?
22 hrs
Login to enter a peer comment (or grade)

16 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
unwinding a company // winding up a company
both mean the same: closing down, terminating, dissolving ..


Explanation:
whatever the etymology of their components of this two terms would suggest, they mean the same: end of life for the company.

https://www.google.co.uk/search?q="unwinding a company"

https://www.google.co.uk/search?q="winding up a company"

looks like a case of "bonnet blanc, blanc bonnet" to me...



Daryo
United Kingdom
Local time: 00:02
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 8
Notes to answerer
Asker: Thank you


Peer comments on this answer (and responses from the answerer)
agree  Agneta Pallinder
11 hrs
  -> Thanks!
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search