Closing

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Related to closings: Business Closings

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 classic literature ?
No, for God's sake, you are mistaken," said Dolly, putting her hands to her temples and closing her eyes.
Some called to him to fly, and some were in the very act of closing round him, to prevent his being taken, when the pole swept into the air above the people's heads, and the man's saddle was empty in an instant.
Then, he and Hugh turned and fled, the crowd opening to let them pass, and closing up again so quickly that there was no clue to the course they had taken.
And so for full half a minute, which seemed an eternity, se remained between the lifted crucifix and the sacred closing of her means of entry.
We could hear the click of the closing lantern as Van Helsing held it down.
He unlocked the door, and we entered, closing it behind us.
He was a street boy fairy who was running up the walk closing the weeping trees.
She remembered now everything that had happened to her from the closing of the gates up to her running away from the fairies, but however, she asked herself, had she got into this funny place?
Cornelius had opened them on that morning, and no one had thought of closing them again.
The cavalier replied with words no less polite, and then, all closing in around him, they set out with him for the city, to the music of the clarions and the drums.
Furthermore, by including title and escrow and subservicing delivery, we gain more efficient closings and improve the customer's experience out of the gate.
Finally, eLynx's HUD-1 Check reduces the risk of delayed or canceled closings, improving the homebuyer's experience and satisfaction.