dry closing

dry closing

A closing that is completed except for the disbursement of money and delivery of documents. Often used when a buyer delivers a personal check at the closing and the closing company must wait until the funds are collected in order to complete closing.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
And before that, the popular bar is set to treat city drinkers to a Drink The Bar Dry closing night.