self-closing


self-closing

noun

  1. the end or conclusion, as of a speech.
  2. something that closes; a fastening, as of a purse.
  3. the final phase of a transaction, especially the meeting at which procedures are carried out in the execution of a contract for the sale of real estate.
  4. an act or instance of failing or going bankrupt: an increase in bank closings.
  5. complimentary close.

n.late 14c., “act of closing; that which closes,” verbal noun from close (v.). Usually applied to real estate transactions, it refers to delivery of the deed of ownership from the owner to the buyer in return for full payment.

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