Closing
/ˈkloʊzɪŋ/
Definitions
- (n.) The final phase in a real estate or business transaction where parties execute documents, transfer ownership, and settle financial details.
The closing took place at the attorney's office, where all parties signed the necessary paperwork.
- (n.) The formal conclusion of a trial where attorneys summarize their arguments to the court or jury.
The lawyer gave a compelling closing that convinced the jury.
Related terms
See also
Commentary
In drafting, distinguish the context to clarify if 'closing' refers to transactional completion or trial summary to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.