In plain English
It identifies the stated cause behind ending the account. It expresses why the account is being brought to an end.
In context
Here, it refers to the requested explanation for why the account is being closed.
- Situation
- Account recovery, locked-account support, reactivation, and closure requests
- What it communicates
- names the field asking why the account is being closed
Meaning limits
By itself, this term does not indicate who is closing the account or whether the closure will actually occur.
Examples
“Her reason for closure was that she no longer needed the joint account.”
“When she called to close the account, the agent asked for a reason for closure.”