Definition of Close period:
The close period (or closed period) is the time between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results.
The time period between the finalizing of the balance sheet and the companys announcement to the public of the results. The time period is typically two months preceding an announcement at which time insiders are not allowed to repeat or report the companys shares.
The close period differs from a quiet period, where companies are required to embargo any public promotions before an initial public offering (IPO) is made.
How to use Close period in a sentence?
- During the close period, insiders are prohibited from trading company shares or making any relevant information public before it is officially announced.
- This period typically lasts for one month prior to quarterly or interim reports and two months prior to annual reports.
- The close period, in accounting, is the time span covering the completion of a company's finances and the subsequent release of those financials to the public.
Meaning of Close period & Close period Definition