CLOSING DATE is the date the purchase of the asset becomes final and you, the new owner, obtain title.
POSTULATE, in logic, is a proposition that is accepted as true in order to provide a basis for logical reasoning.
TRANSPARENCY, in economics, (1) Principle adopted in the General Agreement on Tariffs and Trade that governments must make their rules, regulations, and practices open and accessible to the public and other governments. (2) General Agreement on Trade in Services requirement that its member states publish their regulations affecting trade in services, that they notify the Council for Trade in Services of any relevant changes, and that they respond promptly to requests for information from other members.
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