Business Pitch Dictionary by pitch.dog
Fundraising process & investor pipeline · Core

Closing

Also called: completion

ELI5

The deal becomes effective and money or ownership changes hands.

Used in conversation

“Closing depends on completing the conditions precedent.”

Definition

The legal completion of a financing or transaction, including signatures, conditions and funding.

Here “Closing” means: The legal completion of a financing or transaction, including signatures, conditions and funding.

Pitch context

You will see “Closing” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches fundraising process & investor pipeline.

Why it matters: In fundraising process & investor pipeline, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 6

Direct term-level sources and supporting source families.