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book closure
(redirected from "book closure")

    Also found in: Wikipedia 0.03 sec.
Book Closure
A company's announcement of a dividend or bonus to investors.

Notes:
Only members listed in the company's registration at the cutoff date would be entitled to receive the corporate benefits. However, because shares continuously change hands during transactions, identifying the owner of certain shares becomes complicated. If a company announces book closure today, anyone who currently owns the stock will be entitled to the dividend.

book closure
1. The termination of announced benefits to new shareholders. For example, a company announces a specific date on which it will close the firm's books for shareholders to receive a dividend.
2. See holder of record.
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