A child-resistant dispensing closure consisting of a one-piece molding of resilient material that comprises an inverted cup-shaped cap having a central dispensing opening and a saucer shaped lid that is integrally hinged to the cap at one edge thereof for movement to and from an inverted, closing position closely overlying the cap. The lid has an element which closes the dispensing opening and engages in telescoping relationship therewith. The cap and lid have overlapping catch means for retaining the lid in closing position. The hinge is double acting and provides not only for angular movement to and from the closing position but also for lateral movement of the lid relative to the cap against the resilience of the engaged element and opening for disengaging the catch means. In a preferred embodiment, the dispensing opening is in the upper end of a nozzle which is an integral part of the cap and the closing element is on the underside of the lid, so that it engages the upper end of the nozzle and closes the nozzle opening.