Define: Financial Close
Financial Close means authorization and setup of necessary funding under an independent party for initiating project construction.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Financial Close means authorization and setup of necessary funding under an independent party for initiating project construction.
Relevant Circumstances
- Start of a new developmental project
- Undertaking infrastructure upgrades
- Initiating a significant business expansion
- Finalizing equity or debt financing arrangements