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clos·ing /'klō-ziŋ/ n: the fulfillment or performance of a contract esp. for the sale of real estate; also: a meeting at which the closing of a contract takes placerepresented us at the 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.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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index
cessation (termination), close (conclusion), cloture, conclusive (settled), definitive, denouement, dissolution (termination), expiration, final, halt, last (final)
Burton's Legal Thesaurus. William C. Burton. 2006
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n.The conclusion of a sale of real estate in which the buyer pays the purchase price, the mortgage is secured, and the seller hands over the deed to the buyer.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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The final step in the sale and purchase of real estate in which the seller's deed of title is exchanged for the buyer's payment. Some of the final documents, including the deed and mortgage or deed of trust, are then recorded in the county recorder's office. Depending on local practice, the closing is handled by a title company, escrow officer, or attorney. Also called settlement.Category: Real Estate & Rental Property
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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UK See completion.+ closingUSAAt the closing of a registered securities offering, the company delivers the registered securities to the underwriters in exchange for the net offering proceeds. The closing of a registered offering is held on the third or fourth business day following the date the security being offered is priced. At the closing for a private placement, the company delivers the securities to the investors in exchange for the aggregate purchase price.For the closing of a finance transaction, see closing date.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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n.1 The final step in the purchase of real property or of an interest in real property when a deed or another instrument of title is conveyed to the buyer, the purchase price or a portion thereof is paid, and collateral matters, such as the exchange or transfer of any assignments, insurance policies, leases, and mortgages, are finalized.2 The termination of the administration of a decedent's estate after the estate's assets are distributed, taxes and other liabilities are paid, and all the necessary documents have been filed with the court.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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The final transaction between a buyer and seller of real property.
Dictionary from West's Encyclopedia of American Law. 2005.
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The final transaction between a buyer and seller of real property.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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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.
Law dictionary. EdwART. 2013.
