Bank winding is a term that is commonly used in the banking industry. It refers to the process of closing down a bank or winding up its operations. This process is typically initiated when a bank is no longer able to meet its financial obligations or is deemed to be insolvent. Bank winding is a complex process that involves a number of legal and financial procedures.
Definitions
Bank winding can be defined as the process of closing down a bank or winding up its operations. This process is typically initiated when a bank is no longer able to meet its financial obligations or is deemed to be insolvent. The aim of bank winding is to ensure that the bank’s assets are distributed fairly among its creditors and shareholders.
Origin
The practice of bank winding has been around for centuries. In the past, it was typically carried out by the government or by private individuals. Today, bank winding is typically carried out by regulatory bodies such as central banks or by court-appointed liquidators.
Meaning in different dictionaries
According to the Oxford English Dictionary, bank winding is defined as “the process of winding up the affairs of a bank, especially when it is insolvent or unable to meet its financial obligations.” Meanwhile, Merriam-Webster defines bank winding as “the process of liquidating a bank’s assets and distributing the proceeds to its creditors and shareholders.”
Associations
Bank winding is typically associated with financial distress or insolvency. It is also associated with the need to protect the interests of a bank’s creditors and shareholders.
Synonyms
Some synonyms of bank winding include bank liquidation, bank closure, and bank shutdown.
Antonyms
There are no direct antonyms of bank winding, but some related terms include bank expansion, bank growth, and bank profitability.
The same root words
The root words of bank winding are “bank” and “winding.” Bank refers to a financial institution that accepts deposits and makes loans, while winding refers to the process of bringing something to a close.
Example Sentences
- The central bank initiated the process of bank winding after it was discovered that the bank was insolvent.
- The bank’s creditors and shareholders were unhappy with the outcome of the bank winding process.
- The bank’s employees were left without jobs following the bank winding process.