closing

Definition

The finalizing of the sale of a property, as its title is transferred from the seller to the buyer. also called settlement.

Use closing in a sentence

It was closing time and we had to lock all the door so no one would try to rob us during the night.

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The sale of the home finally reached the closing stage as the realtor was scheduled to meet to sign the paperwork later today.

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John and Mary Smith had to take vacation on May 1st because they would be closing on their new home and they had to be at the title company to sign documents.

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