settlement cost
Definition 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.
Definition 2
Accounting, legal, and other expenses incurred in termination and settlement of a contract or purchase order. Also called settlement expenses.
settlement cost is in the Agreements & Contracts, Banking, Commerce & Finance and Purchasing & Procurement subjects.
settlement cost appears in the definition of the following term: settlement expenses
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