closing costs

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closing costs

Those costs incidental to a transfer of title from seller to buyer and execution of a mortgage on a property, e.g., legal and recording fees and title insurance.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
The upshot of the Proposed Rule was that the previous Good Faith Estimate of Settlement Costs for real estate-secured loans, and the "preliminary" Truth in Lending disclosure for dwelling-secured loans, was replaced by a single form: The three-page Loan Estimate.
Early on, it has already been asserted by various quarters that the advice being given to PSALM and Petilla on the prospective pass-on in the electricity rates of the P63 billion settlement costs to dismissed NPC employees is blatantly wrong and in violation of the EPIRA.
But in a ruling last week, Gardner noted that the county has already released the settlement cost. He said the county can keep the employee's name and circumstances secret because privacy rights outweigh the public interest in disclosure in this instance.
At the same time, the fee for delivering net positions after offsetting will be raised from a[logical not]0.40 to a[logical not]0.60 to cover the corresponding settlement cost.
The first element in each cell denotes the settlement cost of Bank A, whereas the second element denotes that of Bank B.
Last December, Shinsei asked DIC to pay 13.4 billion yen to cover part of the settlement cost in line with the agreement.
The taxpayer deducted $3,082,710 as an ordinary and necessary business expense, reflecting the payment as "lawsuit settlement cost" on its return.
Aladdin will reflect the settlement cost as a one-time charge.
A source revealed the settlement cost the golfer "materially above" a previously reported figure of $20 million (PS13.1m) after he walked away from his contract.
"An audit commission report By Mutual Agreement published in 2010 included a survey of settlements for chief executives which showed an average settlement cost of PS309,167 for single-tier and county councils - our settlement with Mr Rowland at PS215,331 was significantly lower than this average."
The index impacts settlement costs, with higher index values denoting a reduction in the settlement cost environment.