Closing Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Closing, written in plain English, along with examples of how it is used.

What is Closing?

It is the final procedure in the sale and purchase of real property between a buyer and a seller.In this all the agreements are finalised, documents are signed,funds are exchanged,title to the property is transferred to the buyer.The closing can be handled by the title company, an agent or an attorney.