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financial close vs financial closure

Both 'financial close' and 'financial closure' are correct phrases, but they are used in different contexts. 'Financial close' is commonly used in the context of 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 and is often used in the context of project finance to refer to the completion of financial arrangements for a project.

Last updated: March 21, 2024 • 7063 views

financial close

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.

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 [+]

Reach financial close. Financial close occurs when all the project and financing agreements have been signed and all the required conditions contained in them ...
The Thar Limited (EPTL), an important security document for Financial Close and water allocation for its power plants in Block II, Tharparkar, says a statement ...
Oracle Hyperion Financial Close and Reporting Products. Oracle Hyperion Financial Management · Oracle Hyperion Financial Reporting · Oracle Hyperion ...
BusinessDictionary.com. financial close. financial center · financial commitment. Definition ... Use financial close in a sentence. Related Articles. Accounting & ...

Alternatives:

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

financial closure

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.

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 [+]

Financial closure is the process of completing all project-related financial transactions, finalizing and closing the project financial accounts, disposing of project ...
The following procedures address the financial closure of development projects and trust funds. Programmatic and operational procedures for project closure ...
The following procedures address the financial closure of development projects. Programmatic and operational procedures for project closure are contained in ...
Financial closure is the process of completing all project-related financial transactions, finalizing and closing the project financial accounts, disposing of project ...

Alternatives:

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

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