Glossary entry (derived from question below)
English term or phrase:
closing transactions/closing conference/closing date/
English answer:
signing
Added to glossary by
Kim Metzger
Jun 6, 2004 14:39
19 yrs ago
39 viewers *
English term
closing transactions/closing conference/closing date/
English
Law/Patents
Law: Contract(s)
Seller's Deliveries to Buyer at Closing. On the closing date , Seller shall make the following deliveries to Buyer
Responses
4 +5 | signing | Kim Metzger |
4 | completion | Eva Blanar |
Responses
+5
13 mins
Selected
signing
Closing is the completion of a transaction and involves signing a contract. The closing date is the date a contract is signed. A closing conference is a discussion of major aspects of the contract before signing.
Closing - The meeting at which the sale of a property is finalized. The buyer signs the lender agreement for the mortgage and pays closing costs and escrow amounts. The buyer and seller sign documents to transfer ownership of the property. Also known as the settlement.
http://www.mymortgageshop.com/glossary_c-e.htm
Closing - The meeting at which the sale of a property is finalized. The buyer signs the lender agreement for the mortgage and pays closing costs and escrow amounts. The buyer and seller sign documents to transfer ownership of the property. Also known as the settlement.
http://www.mymortgageshop.com/glossary_c-e.htm
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6 mins
completion
closing is a synonym for the completion of the job under a contract - the end of the story, to be followed by the settlement (with money, money, money) :)
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