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The date in which you assume the debt burden of your new mortgage loan. While it’s often the same date as your closing, it doesn’t have to be.

Merriam-Webster Online Dictionary
consummation (noun)
1.
the act of - consummating the consummation of a contract by mutual signature , specifically the consummating of a marriage
2.
the ultimate end - finish
Merriam-Webster Online Thesaurus
consummation (noun)
1.
the last part of a process or action
SYNONYMS:
capper, close, closing, conclusion, consummation, end, endgame, ending, finis, finish, grand finale, home stretch, mop-up, windup, wrap-up
RELATED WORDS:
acme, apex, capstone, climax, copestone, coup de grâce ( coup de grace), crescendo, crown, culmination, high-water mark, meridian, peak, pinnacle, summit, tip-top, top, zenith; aftermath, anticlimax, coda, epilogue ( epilog), postscript; shank, tag end, tail end
NEAR ANTONYMS:
foreword, introduction, overture, preamble, preface, prelude, prologue ( prolog)
baseline, beginning, dawn, day one, nascence, nascency, opening, start
consummation (noun)
2.
the state of being actual or complete
SYNONYMS:
accomplishment, achievement, actuality, actualization, attainment, consummation, fulfillment ( fulfilment), pass, realization
RELATED WORDS:
success, triumph
NEAR ANTONYMS:
defeat, failure, fizzle, nonsuccess
naught ( nought), nonfulfillment
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