closing

closing definition - business

closing

  1. The final step in a real estate transaction, when payment is made and ownership is transferred. Also called loan closing, real estate closing, settlement.
  2. Termination of operations.

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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