This legal document sets out the exact amount of money needed to close a real estate transaction and effect the transfer of title and ownership from the seller to the buyer. It includes all the costs involved in the sale, such as mortgage insurance and property tax deposits.
Investment dictionary. Academic. 2012.
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Closing statement — may refer to: Closing argument, or summation , the concluding statement of each party s counsel in a court case Closing statement (real estate), a document describing a real estate transaction Closing statement (debate), the concluding statement… … Wikipedia
closing statement — n. A document that records the details of the sale, including purchase price, deductions, tax adjustments, and credits, resulting in the net amount that the seller receives. The Essential Law Dictionary. Sphinx Publishing, An imprint of… … Law dictionary
closing statement — UK US noun [C] US ► PROPERTY COMPLETION STATEMENT(Cf. ↑completion statement) … Financial and business terms
closing statement — Written analysis of closing (i.e. final steps) of real estate transaction setting forth purchase price less deductions for such items as mortgage payoff, tax adjustments, etc. and adding credits to arrive at net amount due seller. Detailed… … Black's law dictionary
closing statement — The closing argument or summation by counsel in a trial … Ballentine's law dictionary
closing statement — /ˌkləυzɪŋ steɪtmənt/ noun a statement of all charges and fees involved in a mortgage, made just before the mortgage is signed … Dictionary of banking and finance
closing statement — summation … Glossary of international commercial arbitration
closing statement — last few sentences of a speech … English contemporary dictionary
closing argument — n: the final address to the jury by the attorney for each side of a case in which the attorney usu. summarizes the evidence and his or her client s position – called also closing statement, final argument, summation, summing up; ◇ Rule 29.1 of… … Law dictionary
statement — state·ment n 1 a: an official or formal report or declaration a statement of policy b: an oral or written assertion (as by a witness) or conduct intended as an assertion see also hearsay, prior consistent statement … Law dictionary