Definitions for "Closing statement"
A document which sets out the financial agreement between the parties and the costs each must pay on the closing date.
Statement that lists the all fees paid and received by the borrower and the seller at loan closing.
A document prepared by a closing agent describing a real estate transaction, including the escrow deposits for taxes, commissions, loan fees, points, hazard insurance, and mortgage insurance. also called HUD-1 statement or settlement sheet.
The final argument in a trial by an attorney on behalf of his/her client after all evidence has been produced for both sides.