A labor union strictly limited to a specific craft, occupation, or industry. Limits its membership, also.

Year of termination for a limit or law. An example in taxation is a filing period that ends after a certain number of years. A taxpayer cannot file for a refund and

A type of regulated investment firm with a limited number of shares available, as listed on a specific exchange, making the stock a closed-end fund.

Consumer lease having no option nor requirement for the lessee to buy the leased item at the end of the lease period. Known also as walk away lease. An example is as

Type of consumer installment loan where the borrower cannot alter the (1). number and amount of installments, (2). maturity date, and/or (3). credit terms. Known also as closed end credit. This is

A transaction with extended credit for a specific amount over a specific period available only once . The money credited must be fully repaid within that period. An example is a car

A method for investments and securities used by a business or corporation owned by specific set of people.

(1). A firm whose shares are owned by a small group of investors or family. (2). A firm with a number of its shares owned by non-employees or the public that is

Shares owned by a specific few individuals, a family, or a specific small group.

Selling off of discontinued, obsolete, or slow-moving stock, typically through a clearance sale.

The process of establishing an equal and opposite DERIVATIVE position in order to neutralize or offset the RISK of an existing position. Although the closeout cancels the effects of risk, it grosses

Firm that buys up all or most of another firm’s closeout stock and sells it to other vendors or the public.

A contractual agreement where an institution and a COUNTERPARTY in DEFAULT agree to ACCELERATION, termination, and NETTING of all financial transactions. See also PAYMENT NETTING, SETOFF.

New Zealand – Australia Free trade agreement as of January 1, 1983.

1. In Accounting, this is the moving of account balances at the end of an accounting period from subsidiary ledgers, containing nominal or temporary accounts, to an income summary account. Known also

The signal of a ringing bell ending the regular trading day on an exchange. The honor of ringing the closing bell of an exchange is often celebrated as a notable event when

Costs and fees required of a buyer in a real estate transaction, or of a borrower in mortgage loans.

1. Date of completion of the formalities of a real estate transaction, or a mortgage loan. Known also as closing date. 2. Same meaning as expiration date.

Level of output in the short term where production marginal cost equals average variable cost, and the basis to stopping production.

Final bookkeeping entries posted at the end of an accounting period for reducing all nominal, temporary accounts to zero. Balances of these accounts are moved to the income summary account, and drawings