term:

Close

close vb

closed
clos·ing
vt
1 : to bring to an end or to a state of completion [closed the case] [ an estate by liquidating its assets] [closing his account]
2 : to conclude discussion or negotiation about
;also
: to bring to completion by performing something previously agreed [closing a merger] [ the property sale]
vi
1 : to enter into or complete an agreement (as for the sale of real estate) [they closed on the house]
2 : to come to an end or to a state of completion [after the class closes, the trust shall continue…until the death of the last surviving member of the class "Louisiana Revised Statutes"]
n : an enclosed area [break another's ]

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.