- 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
* * *completion com‧ple‧tion [kəmˈpliːʆn] 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.
* * *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.»
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.»
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.»
The diploma will be awarded after a completion of all the course requirements.
Financial and business terms. 2012.