Dictionary Home »
Business » close
close business definition
- In the securities business, the end of a session of trading.
- The last price at which a security trades during a trading session. The last price is reported in the financial media and is of particular importance to the valuation of investment portfolios. Also called closing price, last.
- To finalize a transaction.
- In accounting, transferring revenue and expense accounts in order to prepare a trial balance at the end of a period.
- To terminate operations.
Learn more about close