Meaning of the word finalized in English

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

finalized

US /ˈfaɪnəlaɪzd/
UK /ˈfaɪnəlaɪzd/

Verb

to complete or settle (a plan, arrangement, or deal) definitively

Example:
The contract was finalized after weeks of negotiations.
We need to finalize the details of the event by tomorrow.