Usage note
This word may also be spelled “finalise.”
transitive verb
1. (to complete) 
a. ultimar 
Lawyers are currently finalizing the details of the contract.En este momento los abogados están ultimando los detalles del contrato.
b. concluir 
The two countries have yet to finalize an agreement on trade tariffs.Los dos países aún no han concluido un acuerdo sobre los aranceles aduaneros.
2. (to agree on) 
a. fijar 
They haven't finalized a date for the opening of the new building.No fijaron la fecha de inauguración del nuevo edificio.
transitive verb
1. (general) 
a. ultimar 
finalize [ˈfaɪnəlaɪz]
transitive verb
[+preparations, arrangements] concluir; [+agreement, plans, contract] ultimar; [+report, text] completar; [+date] fijar; acordar
to finalize a decision tomar una decisión final
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