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Could someone advise me please what kind of word/phrase is "thank you" or a "thank you" if you prefer. For example in this sample letter what sort of phrase is "thank you"?

Dear Sir,

What price are your bacon bits by the kilogram bag please?

Thank you for your time in this matter.

yours sincerely,
Curly
CEO Proper Pork "Building a future for pork!"

Further, is it a signature, greeting or tagline?

NB: Wasn't sure how to tag this, any edits for this appreciated.

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i think you waste your time to read this document that's why he/she said thanks? :p –  Java D Aug 13 '13 at 9:35
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@JavaD, I'm not sure what point you're trying to make. –  Paul Aug 13 '13 at 10:11
    
it means you read my application that's why thanking for you... –  Java D Aug 13 '13 at 10:20
    
@JavaD, I don't believe we've met before so not sure what you mean by your application. My apologies, I'm very confused by your comments. –  Paul Aug 13 '13 at 10:23
    
ohh..I am talking about the application or letter which you posted.. so writer of this letter thanking everyone who reading this letter..? understand? –  Java D Aug 13 '13 at 10:26

2 Answers 2

"Thank you for your time" essentially means, "Your response is greatly appreciated."

-- Edit to address OP's question --

That's called the complimentary closing, I believe.

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Thank you for your answer. However I wasn't asking for a translation of the phrase but for a categorisation of it. –  Paul Aug 13 '13 at 10:13
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Oh, sorry - misunderstood. You mean the name of that part of the letter, correct? It's the complimentary closing. –  satyrwilder Aug 13 '13 at 10:31
    
Isn't the "yours" the complimentary closing? Whilst my question is not limited to the example shown, in the example shown I deliberately put "yours" between the "thank you" and the signature for this kind of reason. I'm going to edit it to "yours sincerely" to improve this distinction. Thank you again, I had not known the term "complimentary closing" before this time. –  Paul Aug 13 '13 at 10:55
    
Nope, "Yours" is part of the signature block. :) Sort of like "Dear So-and-So" is the salutation, not part of the letterhead. Informal letters might squash it together, but technically it's it's own part. –  satyrwilder Aug 13 '13 at 11:42
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"Yours sincerely" is normally used when you have addressed the letter to a person by name. When addressing as "Dear Sir" and similar forms, it's more normal to use "Yours faithfully" (UK) or "Yours truly" (US). –  TrevorD Aug 13 '13 at 11:48

Well thank you is actually a contraction of Subject + thank you, which means it's used instead of phrases like "I thank you" or "We thank you".

I wouldn't say thank you is a greeting, and in your letter, nor is it part of the signature line. It's a sentence like any other in your letter :)

Hope that clears your question.

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