Meaning of the word "close a deal" in English

What does "close a deal" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

close a deal

US /kloʊz ə diːl/
UK /kləʊz ə diːl/
"close a deal" picture

Phrase

to successfully complete a business agreement or transaction

Example:
After weeks of negotiations, they finally managed to close a deal.
The salesperson was determined to close a deal before the end of the day.