The term "closing stages" refers to the final period or phase in a process, project, or event. It typically indicates that something is coming to an end and nearing completion. In real estate transactions, for example, the closing stage involves the transfer of ownership from the seller to the buyer, with all necessary paperwork signed and funds exchanged. Similarly, in sports events like a marathon, the final stages refer to the last few miles or kilometers before the finish line is reached by the runners. In business projects, it could mean the completion of tasks leading up to the launch or delivery of a product/service. Essentially, "closing stages" signifies that things are winding down and coming to an end, with final preparations being made for the culmination of whatever activity is involved.