This is the 5105th most frequent Spanish word.
finalización
The act of completion or conclusion.
Here, 'finalización' refers to the conclusion or completion of the project.
La finalización del proyecto fue celebrada con un evento especial.
The completion of the project was celebrated with a special event.
In this usage, 'finalización' indicates the nearing end or wrapping up of the negotiations.
Estamos próximos a la finalización de las negociaciones.
We are close to finalizing the negotiations.
Here, 'finalización' is used in a formal context to indicate the termination or ending of a formal agreement, specifically a contract.