Preclosing
Barron's Business Dictionary:
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Preclosing
Rehearsal of the closing whereby instruments are prepared and signed by some or all parties to the contract; used when closings are expected to be complicated.
| Precious Metals, Precautionary Motive, Practical Capacity | |
| Predatory Lending, Predatory Pricing, Prediction |
Barron's Real Estate Dictionary:
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Preclosing
A rehearsal of the closing whereby instruments are prepared and signed by some or all parties to the contract. Used when closings are expected to be complicated.
Example: Preclosings are used when there are many parties to an agreement. This sometimes occurs when there are multiple loans to be arranged and/or multiple buyers or sellers, as when syndicating property or converting an apartment complex to a condominium.
Example: Preclosings are used when there are many parties to an agreement. This sometimes occurs when there are multiple loans to be arranged and/or multiple buyers or sellers, as when syndicating property or converting an apartment complex to a condominium.
| Pre-Foreclosure Sale, Pre-Approval | |
| Predatory Lending, Prefabricated |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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