"financial closing" is a correct and usable phrase in written English.
It is used to describe the process of finalizing the financial details of a transaction or agreement. For example, "The company completed their financial closing and their purchase of the new warehouse."
But if your motivations are social rather than financial, closing a project that you've invested your time, money, energy and belief in is far more difficult.
And, under a contract he signed with Claude Gooding, the organization's former president, he was to receive $1 million if the recycling plant went to financial closing, which it has not.
Stilwell Financial closed at $48.50, up $3.25 on the Big Board, as almost 1.7 million shares were traded.
The deal was announced after Richmond County's shares closed at $17, up 37.5 cents, and South Jersey Financial closed at $16.6875, down 18.75 cents.
Ant Financial closed its Series A last summer, while that deal was undisclosed it came at a valuation of $45-$45-$50 billion
Elsewhere in the financial services space, American Express Company finished down 2.8% to $45.86, Fidelity National closed down 1.3% at $25.96 and Capital One Financial closed in the red, down 2.7% at $44.89.
It is this "financial close" that was referred to by Burns in his parliamentary answer.
"They've been drawing a line in the sand and that is that they need financial close by October 2015.
The project then moves to the financing contracts, or financial close, which must be approved by individual banks' finance committees.
All 12 of the recent projects reached financial close in months, and all with record low levels of grant funding.
Education secretary Michael Gove said all projects that had not reached "financial close" would be scrapped although there has been a backlash against his plans.
