closing

noun | \ ˈklō-ziŋ \ | clos·ing

1. : the fulfillment or performance of a contract especially for the sale of real estate; also : a meeting at which the closing of a contract takes place represented us at the closing : a meeting at which the closing of a contract takes place represented us at the closing

   Note: At the closing for the completion of the sale of real property, the purchase price is paid and title is transferred to the purchaser or mortgagor.