diff --git a/README.md b/README.md
index 00daad4..e021cfb 100644
--- a/README.md
+++ b/README.md
@@ -28,7 +28,7 @@ Following options are supported:
 * PingHandler - called when no message was sent during idle time. It should be safe for concurrent use.
 * InboundMessageHandler - called when a message from the server is received or no matching request for the message was found. InboundMessageHandler must be safe to be called concurrenty.
 * ReadTimeoutHandler - called when no messages have been received during specified ReadTimeout wait time. It should be safe for concurrent use.
-* ConnectionClosedHandler - is called when connection is closed by server or there were errors during network read/write that led to connection closure
+* ConnectionClosedHandler - is called when connection is closed by us, by server or there were errors during network read/write that led to connection closure
 * ErrorHandler - is called with the error when connection fails to perform some operation. In some cases instance of a `SafeError` will be passed to prevent data leaks ([detalis](https://github.com/moov-io/iso8583/pull/185))
 
 If you want to override default options, you can do this when creating instance of a client or setting it separately using `SetOptions(options...)` method.
@@ -98,9 +98,9 @@ This section explains the various stages at which different handler functions ar
 
 #### On connection closure:
 
-- **`ConnectionClosedHandlers (async)`**: These asynchronous handlers are invoked when a connection is closed, either by the server or due to a connection error.
+- **`ConnectionClosedHandlers (async)`**: These asynchronous handlers are invoked after connection is closed by us, by the server or due to the network errors
 
-- **`OnClose`** or **`OnCloseCtx`**: This handler is activated when we manually close the connection. **NOTE** If both `OnClose` and `OnCloseCtx` are defined, `OnCloseCtx` will be used.
+- **`OnClose`** or **`OnCloseCtx`**: This handler is activated before the connection is closed when we manually close the connection. **NOTE** If both `OnClose` and `OnCloseCtx` are defined, `OnCloseCtx` will be used.
 
 
 ### (m)TLS connection
diff --git a/options.go b/options.go
index e9a0c2b..ec542a1 100644
--- a/options.go
+++ b/options.go
@@ -47,8 +47,9 @@ type Options struct {
 	// * to handle network management messages (echo, heartbeat, etc.)
 	InboundMessageHandler func(c *Connection, message *iso8583.Message)
 
-	// ConnectionClosedHandlers is called when connection is closed by server or there
-	// were network errors during network read/write
+	// ConnectionClosedHandlers is called after connection is closed by us,
+	// by the server or when there are network errors during network
+	// read/write
 	ConnectionClosedHandlers []func(c *Connection)
 
 	// ConnectionEstablishedHandler is called when connection is