Closing

{
  "id": "MLC-T-LAW-001026",
  "term": "Closing",
  "field": "Law",
  "definition": "The final stage of a real estate transaction or a loan agreement where all necessary documents are signed, funds are exchanged, and ownership or the loan becomes legally binding. For real estate, this involves transferring the deed from seller to buyer and recording it with the appropriate government authority. All parties, including attorneys, lenders, and title agents, typically attend.",
  "url": "https://mlchart.com/terminology/law/closing/"
}