book closure

book closure definition - business

book closure

The termination of announced benefits to new shareholders. For example, a company announces a specific date on which it will close the firm's books for shareholders to receive a dividend. See also holder of record.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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