Closing


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Related to Closing: closing time, Closing Sales

Closing

The time trading ends on an exchange. This is important to matters like a security's closing price or closing bid. See also: Open.

closing

The process of obtaining all necessary signatures, making all required disclosures, and collecting and disbursing all monies in order to transfer title to real estate, execute a mortgage, or both.Closings are regulated by the Real Estate Settlement and Procedures Act.

Closing

On a home purchase,the process of transferring ownership from the seller to the buyer,the disbursement of funds from the buyer and the lender to the seller, and the execution of all the documents associated with the sale and the loan.

On a refinance, there is no transfer of ownership, but the closing includes repayment of the old lender.

References in periodicals archive ?
The company initially said it was only closing only 38 locations, but revised its announcement to include all of its stores later in March.
* Cronos Group (NASDAQ: CRON) shares tumbled by 0.93%, eventually closing at $11.75.
They receive the title and closing order; manage escrowed funds; perform title research; clear title matters; communicate with the real estate agents, sellers and consumers; obtain the inspection; set up and oversee the closing; and record and insure the new mortgage.
Inset day for teachers Friday Hywel Dda Primary School: |8.55am to 2.30pm Lansdowne Primary |School: Open 9.30am to 2.30pm, no ASC or clubs Llandaff City CIW Primary |School: Closing at 2pm.
At their closing, another problem arose, but the solution worked out in their favor.
Given this uncertainty, it is advisable to identify and pay off or cancel, before closing, any loan-like arrangement that could give rise to Sarbanes-Oxley's loan prohibitions.
Agents must examine the return and select only those issues that can be examined and closed timely; they should use various initiatives (e.g., LIFE, fast track, etc.) to ensure that they meet the established closing date and prepare a timeline to ensure that the issues selected for examination can be closed by the deadline.
The Board also has considered that federal banking law provides a specific mechanism for addressing branch closings. Federal law requires an insured depository institution to provide notice to the public and to the appropriate federal supervisory agency before closing a branch.
As a young associate at a large law firm working on one of my first M&A transactions, I was shocked to see how our client, a sophisticated merchant banking firm, pushed on all the professionals to "get the deal done." About three months after the closing, I was asked to share my recollections of the deal with a senior litigation partner of the law' firm, who told me that our client had discovered an "inventory problem" at the acquired company.
THIS YEAR'S WINDFALLS Building Society: Alliance & Leicester Average handout: 250p Closing value: 711p Loss per share: -7p Total loss: [pound]20
On March 19, 1993, Tax Executives Institute submitted the following comments to the Internal Revenue Service on proposed regulations under section 382 relating to the rules for allocating net operating losses or taxable income and net capital gain or loss for the taxable year during which a loss corporation undergoes an ownership change that does not trigger an automatic closing of the year.
entitles Spin-Off to a final payment based on the division's audited net capital, reported on by Buyer's accountant, as of the closing date.