Definition of close

to consummate an agreement, sale, or transfer of assets.

1. Accounting. The transfer of final entries from subsidiary ledgers to a balance sheet ledger, a process known as closing the books.
2. Real Estate. The rights of ownership are transferred in exchange for monetary and other considerations. At a loan closing, promissory notes are signed and checks exchanged.
3. Securities.End-of-day trading, referring to trades occurring within half an hour of the closing bell. Also, the final price of a security traded on a public exchange.
4. Underwriting.Exchange of checks and securities after an offering of securities has been placed with investors.

1. price of the final trade of a security at the end of a trading day.
2. last half-hour of a trading session on the exchanges.
3. in accounting, transfer of revenue and expense accounts at the endof the period, called closing the books.
4. consummating a sale or agreement. See also closing.
5. exit a file or program. The term quit is often used for the latter, but in windowsthe operator exits by closing an application window. In the macintoshenvironment, close is the equivalent of Minimize (reduce to an icon) in Windows, and quit is the proper term for exiting.

1. (in Windows) to exit a program and clear it from the computer's memory. This is different from minimize in that a program reduced to an icon is still running and waiting for input from you, but a closed program has been put away. Most importantly, a minimized program is still being held in the computer's memory. If you close a minimized program, you will regain the memory it is taking up.
2. (on the Macintosh) to reduce a window to an icon without quitting the application software.The Close button is at the far left of the title bar. Click once to close the open window. This sense of close is analogous to minimize in Windows. To clear the program from memory, choose Quit from the File menu.
   This illustrates one of the most basic areas of confusion between Macintosh andWindows terminology. Be careful when talking to your cross-platform friends or you'll both end up confused!
3. (in programming) to release a file when a program is finished using it.
4. (in electronics) to put a switch into the position that allows current to flow.

1. the price of the final trade of a security at the end of a trading day.
2. the last half hour of a trading session on the exchanges.
3. in commodities trading, the period just before the end of the session when trades marked for execution at the close are completed.
4. to consummate a sale or agreement. In a real estate closing, for example, rights of ownership are transferred in exchange for monetary and other considerations. At a loan closing, notes are signed and checks are exchanged. At the close of an underwriting deal, checks and securities are exchanged.
5. in accounting, the transfer of revenue and expense accounts at the end of the period-called closing the books.

end of a sales presentation designed to prompt the prospect to purchase the insurance product.

in personal selling, to acquire agreement from the prospect or customer to make a purchase or take a desired action. Closing may involve an exchange of goods for money, as in a real estate closing; a contract signature, as in a service agreement; or a verbal agreement to buy repeatedly over time. Each successful step in the sales process may be considered a type of close, including gaining agreement to meet with a salesperson to hear a pitch or agreeing to test a product, or just to accept a phone call from the salesperson. In some sales organizations, the more experienced salespeople specialize in closing sales initiated by other salespeople. This is often seen in automobile showrooms where the manager is brought in for the final negotiation and signatures.