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If someone is "taking finals," it usually means they are taking the final exams of a course that they have been doing, often a course that has lasted for a few years with exams each year.

The final exams are usually the most important and can be decisive, so "taking finals" emphasizes that they are taking exams that are particularly important and indicates that they are at the end of their course.

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Q: What is the meaning of taking finals?
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