Definition of closure

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TeachMeFinance.com - explain closure



closure

'closure' is an military term meaning '(DOD) In transportation, the process of a unit arriving at a specified location. It begins when the first element arrives at a designated location, e.g., port of entry and/or port of departure, intermediate stops, or final destination, and ends when the last element does likewise. For the purposes of studies and command post exercises, a unit is considered essentially closed after 95 percent of its movement requirements for personnel and equipment are completed'.

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