Definition of Closing:
Bringing something to an end; final.
Mortgage lending: Date on which the mortgage deed and loan documents are signed and delivered, and the proceeds of the loan are advanced to the borrower.
Accounting: Transfer of account balances from subsidiary ledgers (containing nominal or temporary accounts) to income summary account at the end of an accounting period. Also called closing the accounts or closing the books.
Selling: Final stage in a selling presentation where a salesperson asks for a buyers order or commitment to buy.
Real estate: Date on which the title to a property is conveyed to its buyer and the sales proceed funds are transferred to its seller.
Synonyms of Closing
Abandonment, Accommodation, Adjustment, Arrangement, Blockade, Breakoff, Capping, Cease, Ceasing, Cessation, Close, Closure, Concluding, Conclusion, Consummative, Consummatory, Crowning, Culminating, Culminative, Decline, Desinence, Desistance, Discontinuance, Discontinuation, End, Ending, Eventual, Final, Finish, Finishing, Hindmost, Homestretch, Lag, Lapse, Last lap, Last round, Last stage, Latest, Latter, Occlusion, Perfecting, Perfective, Period, Relinquishment, Renunciation, Sealing, Settlement, Shutdown, Shutting, Shutting up, Signature, Signing, Solemnization, Stop, Stopping, Surcease, Terminal, Terminating, Termination, Ultimate
How to use Closing in a sentence?
- The closing stages of the election campaign.
- I had to get to the store before closing time, or I would have to wait until tomorrow to buy my item.
- You need to make sure that you get all of your stuff done before closing so that you dont start the next day to busy.
- The real estate mogul brought an impressive team of lawyers to the closing of the expensive, expansive property to ensure that all sales proceeds funds would be transferred correctly.
Meaning of Closing & Closing Definition