completion

completion
In the context of project financing, occurs after a Completion Test, when the project's cash flows become the primary method of repayment. Prior to completion, the primary source of repayment is usually from the sponsors or from the turnkey contractor ( turnkey construction contract). Bloomberg Financial Dictionary

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completion com‧ple‧tion [kəmˈpliːʆn] noun [uncountable]
LAW PROPERTY the final point in the sale of a property, when the documents have all been signed and all the money has been paid; = closing AmE:

• When you buy a house in an auction, completion normally takes place four weeks later.

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completion UK US /kəmˈpliːʃən/ noun [U or C] UK (US closing)
► BANKING, FINANCE, PROPERTY the final stage of arranging a loan, or of buying or selling a house, building, or piece of land: »

The balance will be due on completion.

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On completion day, the legal ends are tied up, you collect the keys and move into your new home.

► the fact of finishing something that is being done or made: »

Completion of the project is still several months away.

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You will be asked to pay an initial deposit and the balance on completion of the work.

 »

She received a letter about the satisfactory completion of her probationary period.

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The diploma will be awarded after a completion of all the course requirements.


Financial and business terms. 2012.

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Look at other dictionaries:

  • complétion — ● complétion nom féminin (de compléter) Ensemble des opérations d achèvement d un puits avant sa mise en production. ● complétion (homonymes) nom féminin (de compléter) complétions forme conjuguée du verbe compléter ⇒COMPLÉTION, subst. fém. A.… …   Encyclopédie Universelle

  • Completion — may refer to: Completeness Completion (American football) Completion (oil and gas wells) one stage of Conveyancing, transfer of the title of property from one person to another In mathematics: Completion (metric space) Completion (order theory)… …   Wikipedia

  • completion — I noun accomplishment, achievement, attainment, climax, close, commission, conclusion, consequence, consummation, course, crowning, culmination, denouement, discharge, dissolution, effectuation, end, ending, entirety, execution, expiration,… …   Law dictionary

  • Completion — Com*ple tion, n. [L. completio a filling, a fulfillment.] 1. The act or process of making complete; the getting through to the end; as, the completion of an undertaking, an education, a service. [1913 Webster] The completion of some repairs.… …   The Collaborative International Dictionary of English

  • completion — late 14c., from L. completionem (nom. completio), noun of action from complere to fill up, complete (see COMPLETE (Cf. complete)) …   Etymology dictionary

  • completion — [n] accomplishment, finishing achievement, attainment, close, conclusion, consummation, culmination, curtains*, dispatch, end, expiration, finalization, finis, finish, fruition, fulfillment, hips*, integration, perfection, realization, swan song* …   New thesaurus

  • completion — ► NOUN 1) the action of completing or the state of being completed. 2) Brit. the final stage in the sale of a property, at which point it legally changes ownership …   English terms dictionary

  • completion — [kəm plē′shən] n. [ME < L completio] 1. the act of completing, or finishing 2. the state of being completed 3. Football a successful forward pass …   English World dictionary

  • completion — noun ADJECTIVE ▪ rapid, speedy ▪ early ▪ timely ▪ satisfactory, successful ▪ college …   Collocations dictionary

  • completion */*/ — UK [kəmˈpliːʃ(ə)n] / US [kəmˈplɪʃ(ə)n] noun Word forms completion : singular completion plural completions 1) a) [uncountable] the process of finishing an activity or job Forms will be sent to our clients for completion. completion of: After… …   English dictionary

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