voluntary liquidation
noun[CorU]
FINANCE,LAWukus(alsovoluntary winding up)asituationin which acompanydecidestostopoperating,sellitsassets,payitsdebts, and give back anyremainingmoneytoshareholders:
Approval will besoughtat themeetingto put thecompanyintovoluntaryliquidation.
Compare
compulsory liquidation
involuntary liquidation