Closing
The date of delivery of a new issue of bonds, at which time the issuer delivers the bonds and the requisite legal documents to the underwriter or other bond purchaser in exchange for the purchase price.
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Closing Memorandum
A narrative form of, or adjunct to, the Closing Index describing the participants, their roles in the financing, Flow of Funds on the date of the Closing, closing instructions and the documents for which the transaction participants are responsible.
See Also
Closing Index
An index of all documents to be delivered at a closing and included in the closing transcript.
Closing Transcript
The final record of all executed documents delivered at the closing or shortly thereafter as a bound transcript or in electronic form.
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Agreement Among Underwriters
Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.