Finalization: meaning, definitions and examples

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finalization

[ˌfaɪnəlaɪˈzeɪʃən ]

Definitions

^{Context #1 | Noun}

business

The action or process of finalizing something, making it complete or official.

Synonyms

completion, conclusion, culmination, settling.

Which Synonym Should You Choose?

Word	Description / Examples
finalization	Used when referring to the last steps of making something official or complete, often in legal, business, or project settings. The contract's finalization took longer than expected due to additional negotiations We are in the finalization stage of the project
completion	This word is used when something has been fully finished or achieved, especially in general tasks, projects, or construction. The completion of the building is set for next month She is very excited about the completion of her thesis
conclusion	Typically used when discussing the end part of something that has been ongoing, like an event, a discussion, or a story. At the conclusion of the meeting, all team members agreed on the new strategy The film's conclusion left everyone emotional
culmination	Best used when referring to the highest point or climax of something, suggesting a significant build-up before reaching this point. The concert was the culmination of months of hard work and rehearsals The athlete's win was the culmination of years of dedicated training
settling	Refers to resolving disputes, establishing agreements, or making situations stable, often used in both personal and legal contexts. They had a long discussion before settling on a final decision The lawsuit ended with the parties settling out of court

Examples of usage

The finalization of the merger took longer than expected.
After the finalization of the contract, we can proceed with the project.
Finalization of the deal is crucial for the success of our business.
The finalization of the budget is pending approval from the board.
The finalization of the report will be done by the end of the week.

^{Context #2 | Noun}

legal

The act of making something final or binding, especially in a legal context.

Synonyms

approval, authorization, ratification, validation.

Which Synonym Should You Choose?

Word	Description / Examples
finalization	Use when referring to the completion or conclusion of a process, project, or document. The finalization of the project is scheduled for next week. We are in the finalization stage of our business plan.
ratification	Use when referring to the formal confirmation or sanctioning of an agreement, treaty, or contract. Usually used in legal, political, or official contexts. The ratification of the treaty was a significant step towards peace. The board is awaiting ratification of the new agreement by all members.
approval	Use when referring to the act of accepting or agreeing to something, such as a plan, request, or proposal. The manager gave his approval for the new marketing strategy. We need approval from the board before moving forward with the project.
validation	Use when referring to the process of confirming the accuracy, legitimacy, or validity of something. Can be used in both technical and social contexts. Validation of the data is crucial before we draw any conclusions. She seeks validation from her peers for her hard work.
authorization	Use when referring to the permission or power granted to someone to do something. It often indicates legal or formal permission. You need authorization to access this restricted area. She received authorization to sign the documents on behalf of the company.

Examples of usage

The finalization of the divorce proceedings took several months.
After the finalization of the will, the inheritance will be distributed.
The finalization of the agreement required signatures from all parties.
The finalization of the legal documents was a tedious process.
The finalization of the court decision brought closure to the case.

^{Context #3 | Noun}

software development

The process of completing or finishing a software project, often involving testing and debugging.

Synonyms

closing, completion, conclusion, finishing.

Which Synonym Should You Choose?

Word	Description / Examples
finalization	Appropriate for formal contexts and business settings when talking about the very last steps of a process, commonly used in legal, contractual, or formal documentation scenarios. The finalization of the contract will occur next week
completion	Fits best when something has been fully finished or achieved, commonly used in various contexts such as projects, tasks, or studies. The completion of the project is scheduled for December
finishing	Informal context suitable for day-to-day tasks or activities, implying the last step or action in a process. I am finishing my homework now
conclusion	Typically used when making a final statement or summarizing findings, often seen in academic, research, or analytical contexts. In conclusion, the study confirms the initial hypothesis
closing	Often used in contexts involving the end of events, meetings, sales, or financial transactions. The closing of the store will be delayed until 10 PM

Examples of usage

The finalization of the software release was delayed due to technical issues.
After the finalization of the coding phase, we can move on to testing.
The finalization of the user interface design is the next step in the project.
The finalization of the software documentation is essential for users.
The finalization of the software update will improve performance.

Interesting Facts

Etymology

The word comes from 'final', which means the last part, and '-ization', a suffix used to form nouns indicating an action or process.
The roots of 'final' trace back to the Latin word 'finalis', meaning 'of or pertaining to an end' or 'last'.
'-ization' has its origins in the Latin '-izatio', often used in English to indicate the process of making something.

Business

In project management, finalization signifies that all elements of a project have been completed and approved.
Finalization processes often involve key reviews and approvals to ensure quality and alignment with goals.
It’s crucial in contracts and legal agreements to mark when terms have been accepted and no further changes can be made.

Psychology

Finding closure in a project through finalization can reduce anxiety and improve overall satisfaction.
The sense of accomplishment felt during finalization can enhance motivation for future tasks.
Researchers suggest that people experience a psychological boost when they complete significant life goals, which is a kind of finalization.

Technology

In software development, finalization is the last step before a product is released, often ensuring it meets all requirements.
Agile methodologies incorporate finalization in sprints, allowing for continuous feedback before a complete release.
Finalization in coding often involves 'bug fixing,' where the last tweaks ensure functionality.

Art

Finalization in art involves not just completing a piece but also making decisions about presentation and display.
For musicians, finalization means the last mixing and mastering of a song, which is crucial for the final sound quality.
Writers feel a sense of finalization when a manuscript is done, ready for publication, symbolizing the end of their creative journey.

Translations

Translations of the word "finalization" in other languages:

🇵🇹 finalização

🇮🇳 समापन

🇩🇪 Abschluss

🇮🇩 finalisasi

🇺🇦 завершення

🇵🇱 finalizacja

🇯🇵 最終化

🇫🇷 finalisation

🇪🇸 finalización

🇹🇷 tamamlama

🇰🇷 마무리

🇸🇦 إتمام

🇨🇿 dokončení

🇸🇰 dokončenie

🇨🇳 完成

🇸🇮 zaključek

🇮🇸 lok

🇰🇿 аяқтау

🇬🇪 დასასრული

🇦🇿 tamamlama

🇲🇽 finalización