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 Sourcebooks, Inc. . 2008.


closing statement
n.
1 Same as closing argument.
2 A detailed written summary of the costs (bank fees, legal fees, purchase price, and so on) involved in conveyance of real property or an interest in real property.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • 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 — 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 — A document commonly used in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to take place. This document is prepared by a closing agent and is also known as …   Investment 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

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