No Closing

"No closing" generally refers to a situation where a transaction, such as a property purchase or loan agreement, does not reach a formal conclusion or finalization at the scheduled or expected time. This can happen if certain conditions aren't met, paperwork is incomplete, or parties decide to delay or cancel the process. Essentially, it means the deal remains unfinished, with no official transfer of ownership or agreement finalized. Understanding this term helps clarify that the transaction hasn’t been completed or legally closed at that point.