closing
Definition 1
Accounting: Transfer of account balances from subsidiary ledgers (containing nominal or temporary accounts) to income summary account at the end of an accounting period. Also called closing the accounts or closing the books.
Definition 2
Mortgage lending: Date on which the mortgage deed and loan documents are signed and delivered, and the proceeds of the loan are advanced to the borrower.
Definition 3
Real estate: Date on which the title to a property is conveyed to its buyer and the sales proceed funds are transferred to its seller.
Definition 4
Selling: Final stage in a selling presentation where a salesperson asks for a buyer's order or commitment to buy.
closing is in the Accounting & Auditing, Advertising, Marketing, & Sales, Banking, Commerce & Finance and Real Estate & Buildings subjects.
closing appears in the definitions of the following terms:
closing the accounts,
firm offer,
net change,
rationalization,
lapse of offer,
at-the-close order,
alterations,
voice of the customer,
closing the books,
accounting cycle
and
closing appears in the other terms:
closing date,
post closing trial balance,
year-end closing,
day-end closing,
closing day,
closing down point,
closing sale,
closing operations,
closing purchase,
month-end closing
and
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