Pronunciation: (klō'zing), [key]
1. the end or conclusion, as of a speech.
2. something that closes; a fastening, as of a purse.
3. the final phase of a transaction, esp. the meeting at which procedures are carried out in the execution of a contract for the sale of real estate.
4. an act or instance of failing or going bankrupt: an increase in bank closings.
5. See complimentary close.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.