When a contract involving the sale of real estate calls for the delivery of the deed in return for the purchase price on a certain day, this performance is known as:

A) foreclosure.
B) warranty deed day.
C) contract day.
D) the closing.

Closing

The final step in a transaction, particularly in real estate, where the legal transfer of property is completed and documents are signed.

Purchase Price

The amount of money paid or agreed to be paid by the buyer to the seller for the purchase of goods, services, or property.