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Language Foundation

close out

To complete the final administrative actions that finish a contract after the required work under it has been completed.

In plain English

This means wrapping up the contract on the administrative side once the required work is finished. It covers the last completion tasks that bring the contract to its end, rather than the contract work itself.

In context

Here, "close out" denotes the action to carry out the final administrative completion that finishes the contract after termination.

Situation
Processing amendments, renewals, extensions, suspension, and termination
What it communicates
offers the final administrative completion action after termination

Meaning limits

The term itself does not say why the contract ended or which specific administrative actions are involved.

Examples

“After the last shipment was accepted, the clerk closed out the contract with the final paperwork.”

Core meaning

“The contract stayed open for two more weeks after termination while staff closed it out.”

In context

  • close Broader Term

    In this sense, it is a more general act of bringing a contract to an end; close out adds the final administrative completion.