GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:39 Jun 6, 2004 |
English language (monolingual) [PRO] Law/Patents - Law: Contract(s) | ||||
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| Selected response from: Kim Metzger Mexico Local time: 10:19 | |||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +5 | signing |
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4 | completion |
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completion Explanation: closing is a synonym for the completion of the job under a contract - the end of the story, to be followed by the settlement (with money, money, money) :) |
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signing Explanation: Closing is the completion of a transaction and involves signing a contract. The closing date is the date a contract is signed. A closing conference is a discussion of major aspects of the contract before signing. Closing - The meeting at which the sale of a property is finalized. The buyer signs the lender agreement for the mortgage and pays closing costs and escrow amounts. The buyer and seller sign documents to transfer ownership of the property. Also known as the settlement. http://www.mymortgageshop.com/glossary_c-e.htm |
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