Words / C / Law

completion accounts

noun

C2CEFR level
88/100Rarity: very rare
TechnicalRegister

Post-closing financial statements drawn up to true the price up against agreed working-capital and debt targets.

We are still fighting over the completion accounts because the buyer's accountants quietly restated the inventory provision downward.

Similar: closing accounts

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law