Glossary · Doing the deal
In short
The complete payment of a debt or fulfillment of an obligation, releasing the debtor from further liability. This is the goal for all debts in a deal.
At closing, all existing business debt not being assumed or refinanced must be paid in full satisfaction. Ensure the closing statement clearly shows all seller liabilities are extinguished or handled.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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