Closing Dinner

Business, Legal & Accounting Glossary

Definition: Closing Dinner


Closing Dinner


Full Definition of Closing Dinner


A closing dinner is an event hosted by an investment bank for its employees and the owners of the selling business following the conclusion of a successful deal. Typically, the investment bank will cover all expenses.

A closing dinner is held following the completion of a significant deal transaction and is frequently attended by senior management from both parties as well as the employees who worked on the transaction. Depending on the amount of money earned from the deal transaction, some may choose to host the dinner locally, while others may choose to host a weekend out of town. Its purpose is to commend all of the employees involved for their hard work and to encourage them to continue their efforts on the next deal.

Finally, the dinner is held in the weeks following a successful deal execution, but may occasionally take place months later, after both parties have signed and filed all necessary legal paperwork.


Related Phrases


Closing
Closing Date
Purchase and Sale Agreement
Investment Bank


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Definition Sources


Definitions for Closing Dinner are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th January, 2022 | 9 Views.