Closing

Business, Legal & Accounting Glossary

Definition: Closing




What is the dictionary definition of Closing?

Dictionary Definition


n. the final step in the sale and purchase of real estate in which a deed of title, financing documents, title insurance policies, and remaining funds due are exchanged. Some of the final documents, including the deed and mortgage or deed of trust, are then delivered to the county recorder to be recorded. Depending on local practice, the closing is handled by a title company, escrow holder or attorney.


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https://payrollheaven.com/define/closing/
Modern Language Association (MLA):
Closing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/closing/.
Chicago Manual of Style (CMS):
Closing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/closing/ (accessed: September 23, 2021).
American Psychological Association (APA):
Closing. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/closing/

Definition Sources


Definitions for Closing 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: 27th April, 2020 | 0 Views.