Definition
Completion Accounts
Post-close balance-sheet exercise that adjusts the purchase price based on closing-date cash, debt, and working capital.
The buy-side prepares (or the seller delivers and the buyer reviews) a closing balance sheet within 60–120 days of close. Variances against the pegs flow through to a price adjustment. The mechanism is precise but creates a dispute surface; locked-box avoids it but requires more trust in the recent management accounts.
See also