Meaning of the word "in closing" in English

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

in closing

US /ɪn ˈkloʊzɪŋ/
UK /ɪn ˈkləʊzɪŋ/

Phrase

used to introduce the final part of a speech or piece of writing

Example:
In closing, I would like to thank everyone for their participation.
So, in closing, let me reiterate the main points of our discussion.