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Closing |
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ClosingThe final procedure in which documents are signed and recorded, and the property is transferred.Closing(1) In real estate sales, the final procedure in which documents are executed and/or recorded, and the sale (or loan) is completed. (2) A selling term meaning the point at which the client or customer is asked to agree to the sale or purchase and sign the contract. (3) The final call in a metes and bounds legal description which "closes" the boundaries of the property.Closing Similar MatchesClosing priceClosing priceThe closing price is the last price for a tradable instrument at the time the market closes. On the London Stock Exchange:For shares traded on the automated SETS platform, the closing price is the last automatic trade price, or the uncrossing trade price at which orders execute during an auction, or a Volume Weighted Average Price (VWAP)For SEAQ, SEATS and AIM securities the closing price is the best bid, offer and mid price calculated from market maker quotes at the end of the mandatory quote period. Closing CostsClosing CostsExpenses, beyond the selling price, such as loan fees, title fees, etc. Paid when documents are executed and/or recorded and the sale is complete. Closing rangeClosing rangeAlso known as the range. The high and low prices, or bids and offers, recorded during the period designated as the official close. Related: Settlement price. Closing rangeClosing rangeA futures expression which refers to a range of closely allied prices at which transactions were conducted at the close of a trading day. First closing dateFirst closing dateThe first closing date is one of the milestones in the process by which one company takes over another.Takeover bids involving companies quoted on the London Stock Exchange are governed by a code laid down by the City's Panel on Takeovers and Mergers. One of the most important functions of the code is to set a timetable for the bid which the parties have to stick to.Once a bid has been launched, the bidding company has 28 days to send its offer document to the target company, and then the offer has to be left open for a minimum of 21 days. That point is the first closing date. Further Suggestionsclosing purchaseClosing transaction Closing Statement closing sale Closing tick closing 52 week low Closing TRIN Agency closing Closing costs closing 52 week high |
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