Closing Index
An index of all documents to be delivered at a closing and included in the closing transcript.
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Closing
The date of delivery of a New Issue of Bonds, at which time the Issuer delivers the Bonds and the requisite legal documents to the Underwriter or other Bond purchaser in exchange for the purchase price.
See Also
Closing Memorandum
A narrative form of, or adjunct to, the closing index describing the participants, their roles in the financing, flow of funds on the date of the closing, closing instructions and the documents for which the transaction participants are responsible.
Closing Transcript
The final record of all executed documents delivered at the closing or shortly thereafter as a bound transcript or in electronic form.
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Bond Counsel
An attorney or firm of attorneys, frequently retained by the Issuer but sometimes by another party to the transaction, to render an opinion in a bond financing as to the validity and enforceability of the bonds and the treatment of the interest on the bonds under the code and applicable state law.