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Dictionary by pitch.dog
Fundraising process & investor pipeline · Working

Closing condition

Also called: condition to closing

ELI5

Something that must happen before the deal completes.

Used in conversation

“Board approval is a closing condition.”

Definition

A requirement that must be satisfied or waived before a transaction closes.

Here “Closing condition” means: A requirement that must be satisfied or waived before a transaction closes.

Pitch context

You will see “Closing condition” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches fundraising process & investor pipeline.

Why it matters: In fundraising process & investor pipeline, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 6

Direct term-level sources and supporting source families.