close the transaction

USAGE SUMMARY

The phrase "close the transaction" is correct and usable in written English.
It is typically used in business or financial contexts to refer to the completion of a deal or agreement. Example: "After several negotiations, we are finally ready to close the transaction and finalize the sale."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

56 human-written examples

The state hopes to close the transaction by January 2001.

The New York Times

Nortel said it hoped to close the transaction in the third quarter.

The New York Times

The parties expect to close the transaction during the second half of 2018, Amazon said.

Massachusetts Institute of Technology

The customer chooses one and receives a phone number to dial to close the transaction.

The New York Times

Adelphia, Time Warner and Comcast are eager to close the transaction.

The New York Times

The companies expect to close the transaction in the second quarter.

The New York Times

The companies said they planned to close the transaction in the next several days.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

4 human-written examples

Goldman Sachs claims that when it tried to close its transaction to purchase the bank debt with High River in September, Icahn's lawyer revealed that High River was not in a position to close the transactions.

Forbes

But closing the transaction with SoftBank is the biggest priority for now.

The New York Times

"The companies continue to target closing the transaction by year-end 2002," the company said.

The New York Times

Vacation properties in Dubrovnik are advertised with asking prices in euros, but at closing the transaction takes place in kunas.

The New York Times

Expert writing Tips

Best practice

Always confirm all conditions are met before stating that parties "close the transaction".

Common error

Avoid using "close the transaction" until all necessary approvals, funding, and legal requirements are fully satisfied. Prematurely stating the transaction is closed can lead to legal complications or damage your professional reputation.

Linguistic Context

The phrase "close the transaction" functions as a verb phrase. Ludwig provides several examples that demonstrate its use in business and legal contexts to indicate the completion of a deal or agreement.

Expression frequency: Very common

Frequent in

News & Media

60%

Academia

20%

Formal & Business

10%

Less common in

Wiki

5%

Science

3%

Reference

2%

Ludwig's WRAP-UP

The phrase "close the transaction" is a common and grammatically correct expression used to indicate the completion of a deal or agreement. According to Ludwig, it is frequently used in news, academic, and business contexts. The phrase conveys a sense of finality and is best used when all conditions of the deal have been met. Alternatives include "finalize the deal" or "complete the transaction". When using this phrase, it's important to ensure all necessary approvals and requirements are satisfied to avoid potential legal issues.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

finalize the deal

Replaces "transaction" with the more general term "deal", focusing on the agreement aspect.

complete the transaction

Uses "complete" instead of "close", emphasizing the action of finishing the process.

execute the agreement

Emphasizes the formal signing and implementation of the agreed terms.

seal the bargain

A more idiomatic expression implying a sense of finality and agreement.

conclude the negotiations

Focuses on the end of the negotiation process as a precursor to finalizing the deal.

wrap up the deal

A more informal way of saying to complete or finalize the transaction.

settle the matter

Highlights resolving any outstanding issues before the transaction is considered finished.

bring the deal to fruition

Emphasizes the successful outcome and realization of the transaction's goals.

discharge the contract

Focuses on fulfilling the obligations outlined in the contract, leading to its termination.

effectuate the sale

Highlights the action of making the sale legally valid and operational.

FAQs

What does it mean to "close the transaction"?

To "close the transaction" means to finalize an agreement, deal, or sale, fulfilling all necessary conditions and completing the process.

What can I say instead of "close the transaction"?

You can use alternatives like "finalize the deal", "complete the transaction", or "execute the agreement" depending on the context.

When is it appropriate to say that we're ready to "close the transaction"?

It's appropriate to say you're ready to "close the transaction" when all required approvals, funding, and legal documentation are in place, and both parties are prepared to finalize the agreement.

What are some common conditions that need to be met before you can "close the transaction"?

Common conditions include regulatory approvals, securing financing, completing due diligence, and fulfilling contractual obligations. Once all conditions are met, the parties can "close the transaction".