preclosing

preclosing definition - business

preclosing

The period prior to the closing of a contract when conditions of the contract are confirmed and documents are finalized. For example, the preclosing of a merger between two competing companies might include due diligence regarding antitrust matters.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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