Finality

Finality refers to the point in a legal or financial process where a decision, order, or judgment becomes definitive and cannot be changed or appealed. It ensures that once a resolution is reached, it is settled and binding, providing certainty and security for all parties involved. In financial contexts, such as payments or transactions, finality means the transaction is officially complete and irreversible, reducing risks of disputes or reversal. This concept is essential for maintaining trust and stability in legal systems and financial markets by clearly establishing when an outcome is final.