settlement statement

settlement statement
A breakdown of costs involved in a real estate sale.

Dictionary from West's Encyclopedia of American Law. 2005.


settlement statement
A breakdown of costs involved in a real estate sale.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • Settlement Statement — A statement that summarizes all the fees and charges that both the homebuyer and seller face during the settlement process of a housing transaction. This form, which is under the jurisdiction of the U.S. Department of Housing and Urban… …   Investment dictionary

  • HUD–1 settlement statement — / həd wən / n [Department of H ousing and U rban D evelopment (which publishes the form) + 1 (indicating its place in a sequence of such forms)]: a form signed at closing that sets out expenses, disbursements, and adjustments relating to the… …   Law dictionary

  • settlement — Act or process of adjusting or determining; an adjusting; an adjustment between persons concerning their dealings or difficulties; an agreement by which parties having disputed matters between them reach or ascertain what is coming from one to… …   Black's law dictionary

  • statement — Also receipt Euroclear Clearing and Settlement glossary A detailed summary of an account. Euroclear Clearing and Settlement glossary See deposit receipt, withdrawal receipt. Euroclear Clearing and Settlement glossary * * * statement state‧ment… …   Financial and business terms

  • Settlement (litigation) — Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction Diversity jurisdiction Personal jurisdiction Removal jurisdiction Venue Change of venue …   Wikipedia

  • Settlement Hierarchy — A settlement hierarchy is a way of arranging settlements into a hierarchy based upon their population or some other criteria. The term is used by landscape historians and in the National Curriculum [… …   Wikipedia

  • settlement of minutes — noun a procedure in industrial relations, in which parties to proceedings agree upon and produce a written statement of the decision of a tribunal contained in an order or award …  

  • settlement sheet — noun : the statement of a bank teller or department summarizing the day s transactions …   Useful english dictionary

  • 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 — 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

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