financial close vs financial closure

Both 'financial close' and 'financial closure' are grammatical, but they are used in different contexts. 'Financial close' is commonly used in accounting and finance to refer to the completion of financial transactions or the end of a financial period. On the other hand, 'financial closure' is less common but might be used in the context of project finance to refer to the completion of financial arrangements for a project.

Explained by Vince
Editor at TextRanch

Last updated: January 28, 2025 • 7250 views

This phrase is correct and commonly used in the context of accounting and finance to refer to the completion of financial transactions or the end of a financial period.

"financial close"

Use 'financial close' when referring to the completion of financial transactions or the end of a financial period in the context of accounting and finance.

Examples:

The company announced the financial close of the merger deal.
The financial close for the fiscal year is scheduled for next week.

Show examples from the web [+]
Last updated: November 27, 2024

Jun 7, 2021 ... “Financial close” describes all the financial and accounting processes that regularly occur in a business leading up to, and including, closing the books.
Financial close is a process where accounting and finance teams review and reduce account balances before the accounting cycle closes. Learn with BlackLine.
Financial close is the process of verifying and adjusting account balances at the end of an accounting cycle (often the end of the quarter or end of year) ...
Unleash your team's productivity with the only end-to-end financial close solution. · Task Management · Transaction Matching · Journal Entry · Account ...
Cut month-end close time by 30% using financial close software. Automate accruals, journal entries, and compliance tasks for improved control and ...
Financial Close and Consolidation. Close early and give your accounting teams more time and greater control of the process. The Financial Close and ...
An AI-powered, unified platform that accelerates financial close and consolidation with automated data loading, reconciliation, and reporting.
Define Financial Close. means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing ...
Oct 22, 2024 ... Financial close occurs when all the project and financing agreements have been signed, all conditions on those agreements have been met, and the private party ...
Dec 18, 2023 ... Financial close is exactly what it sounds like. It's a recurring process during which accounting teams "close the books" on a specific period of ...

Alternatives:

financial completion
financial finalization
financial ending
financial wrap-up
financial conclusion

This phrase is correct but less commonly used. It is often used in the context of project finance to refer to the completion of financial arrangements for a project.

"financial closure"

Use 'financial closure' when referring to the completion of financial arrangements for a project in the context of project finance.

Examples:

The project reached financial closure after securing the necessary funding.
The financial closure of the infrastructure project was a significant milestone.

Show examples from the web [+]
Last updated: November 27, 2024

Policy Area: Financial Resources Management Policy Chapter: Financial Closure of Development Projects and Trust Funds Policy
Financial Closure means the execution of all the Financing Agreements required for the Power Project and fulfillment of conditions precedents.
The Financial Closure Report is a progress update by the Principal Recipient after the end of the grant or implementation period aimed at determining ...
Oct 29, 2012 ... Financial closure is defined as a stage when all the conditions of a financing agreement are fulfilled prior to the initial availability of ...
MPTF-O Guidance Note of PBF Project Operational and ; Meeting or official document date: Wednesday, 15 April 2020 ; Wednesday, 15 April 2020. Topic:.
May 9, 2023 ... Thank you for sharing your feedback! Submit another entry. Help us improve. The U.S. Government announced the financial closure of the largest ...
Failure to comply with the financial closure obligations has implications on the overall performance of the Fund and will lead to the blocking of any further ...
Data aggregated only by investment year (or financial closure) and typeof PPI. What does financial closure mean in the PPI Project Database? Please see ...
May 22, 2018 ... Nam Theun 1 achieves financial closure ... Financing was closed on 12 March on the 670 MW Nam Theun 1 storage hydro project in central Laos. Share ...
Jan 11, 2022 ... Puerto Antioquia project moves ahead with financial closure. Home · Knowledge · News. 2022-01-11T16:57:00. Colombia. Cuatrecasas advises on the ...

Alternatives:

project financial completion
project financial finalization
project financial ending
project financial wrap-up
project financial conclusion

How TextRanch works

Fast and reliable proofreading, editing, and language advice tailored to your needs.

1. Choose Your Service

Quick Text Editing

Emails and short texts
Proofreading & editing
Ready in 5-10 minutes

SUBMIT YOUR TEXT NOW

Document Editing

Documents of any type (*.docx)
Advanced & Premium editing
Ready in as little as 4 hours

UPLOAD YOUR DOCUMENT

Ask an Editor

Personalized answers to your language questions
Expert guidance on grammar, style, and usage
Ready in 24 hours

ASK YOUR QUESTION

Upload your document or paste your text directly into our platform. Your text is reviewed and refined by our expert editors (real people, not machines) who understand the nuances of English. Expect corrections, improvements, and insightful suggestions that enhance the clarity, tone, and professionalism of your writing.

3. Receive Your Polished Text

In just a few minutes (or hours for longer documents), you'll receive your corrected text. Review the changes, make any final adjustments, and confidently share your polished English with the world.
You can count on a personalized, friendly service every time you use TextRanch. We're committed to helping you make a great impression with every word you write.

We proofread and edit these types of texts and documents:

Short texts Business Emails Personal Emails Social media posts Resume and Curriculum Vitae Business documents Sales proposal Research and academic papers Thesis Dissertation Essays Articles Blog posts and much more....

Our Customers Love Us!

We have an average rating of 4.79 stars based on 283125 votes, and

4.9 Excellent - Reviews 2.137

"7 years without any disappointment. Always 100% satisfied. You guys are the best in the world at what you do. Thank you so much :)"

Zubair
from Bangladesh

"I wasn't aware of this service, it's fascinating and more reliable than standard IA tools available on the internet"

Arturo
from Mexico

"In a world of text messages and online communication, this is great to have as a live tool. Thank you."

Selena
from USA

"Wow, it's just so excellent. I never would have believed I could have a sure and excellent English companion. Thanks, TextRanch."

Ifiok
from Nigeria

"This is my first time using TextRanch, and I like how the editors take time to correct my text. To everyone who has never used TextRanch before, I highly recommend trying it."

Wilson
from France

"It is an amazing source of feedback because, as a non-native speaker, I really need to have a reliable helper correct my text."

Susan
from Germany

financial close vs financial closure

"financial close"

"financial closure"

Related Comparisons

2. Submit Your Text

3. Receive Your Polished Text