Definitions (2)
1. Money paid by a borrower to effect the closing of a mortgage loan for expenses such as survey costs, appraisal (valuation) fee, attorney's fee, insurance, etc.
2. Accounting, legal, and other expenses incurred in termination and settlement of a contract or purchase order. Also called settlement expenses.
Related Articles
- Buying and Selling Bonds *
- Diamonds as a Piece of Your Retirement *
- What is a Limited Liability Company (LLC)? *
- Self-Employed Retirement Plans: Which Is Right for You? *
- Forex: Scalping Strategy *
- Securing Financing for the Purchase of your Car *
- The Difference between Financial Advisors and Financial Analysts *
- Utilizing Grants and Scholarships to Pay for School *
Related Videos
http://www.businessdictionary.com/definition/settlement-cost.html
