Closing Process

The closing process refers to the final steps taken to complete a transaction or project. In finance, it often involves settling accounts, finalizing documents, and ensuring all parties fulfill their obligations. In real estate, it's the point when the buyer and seller finalize the sale, transferring ownership officially. This process typically includes inspections, signing contracts, and transferring funds. In project management, closing means evaluating performance, documenting lessons learned, and ensuring all tasks are complete before officially ending the project. Overall, it's about concluding affairs properly and ensuring everything is in order.