Business and Personal Finance Dictionary

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• CLOSING (CLOSING DATE) - The completion of the real estate transaction between buyer and seller. The bu...
  
  
• CLOSING (OR SETTLEMENT) - Meeting between the buyer, seller and lender or their agents at which propert...
  
  
• CLOSING ACCOUNT - is the determining the balance of an account and posting an entry to offset such bala...
  
  
• CLOSING AGENT - A person who coordinates closing-related activities, such as recording the closing docu...
  
  
• CLOSING AGENT/ATTORNEY - A closing agent or attorney assures that all documentation related to the sale...
  
  
• CLOSING COST ITEM - A fee or amount that a home buyer must pay at closing for a single service, tax, or...
  
  
• CLOSING COSTS - Closing costs are fees paid by the borrower when a property is purchased or refinanced....
  
  
• CLOSING DATE - Synonymous with Delivery Date, Settlement Date and Date of Issuance. The delivery of the...
  
  
• CLOSING DAY - The day on which the formalities of a real estate sale are finished. The certificate of t...
  
  
• CLOSING ENTRY - is a journal entry at the end of a period to transfer the net effect of revenue and exp...