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closing

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noun clos·ing \ˈklō-ziŋ\

Simple Definition of closing

  • : a situation or occurrence in which a business or organization shuts down and stops its operations

  • : the last part of a letter or speech

  • : a meeting in which the owners of a house formally give ownership of the house to other people

Source: Merriam-Webster's Learner's Dictionary

Full Definition of closing

  1. 1 :  a concluding part (as of a speech)

  2. 2 :  a closable gap (as in an article of clothing)

  3. 3 :  a meeting of parties to a real-estate deal for formally transferring title

Examples of closing in a sentence

  1. the closing of the local school

  2. We met with our lawyer before the closing on our new house.



1596

First Known Use of closing

1596

Rhymes with closing


Law Dictionary

closing

play
noun clos·ing \ˈklō-ziŋ\

Legal Definition of closing

  1. :  the fulfillment or performance of a contract especially for the sale of real estate; also :  a meeting at which the closing of a contract takes place <represented us at the closing>



Additional Notes on closing

At the closing for the completion of the sale of real property, the purchase price is paid and title is transferred to the purchaser or mortgagor.




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