Definition for : Closing
GLOSSARY LETTER
Describes the process of Signing all the legal documents allowing the coming into force of an arrangement, such as an Equity or Bond issue, a loan or the sale of an asset. The closing pre-supposes that all "conditions precedent" have been either satisfied or waived by the lender or acquirer.
(See Chapters 26 and 43 of the Vernimmen)
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