closing costs

(redirected from Settlement Cost)
Also found in: Financial, Encyclopedia.

clos′ing costs`


n.pl.
various charges, as for title search paid by the buyer or seller of real property when the sale is executed.
References in periodicals archive ?
For perspective, the settlement cost for the past two years is roughly equal to 10 percent of what the board is projected to cut, all told, for the fiscal year that starts July 1.
Other factors affecting the financial year 2011 results include the agreement with Rolls-Royce regarding the QF32 incident, which has a full settlement cost of AUD95m, as well as weather events and natural disasters which have a financial impact of AUD206m.
The first element in each cell denotes the settlement cost of Bank A, whereas the second element denotes that of Bank B.
Major features of the proposal involve what the agency calls "significant" improvements in the Good Faith Estimate settlement cost disclosure and removal of regulatory barriers to facilitate the use of Guaranteed Mortgage Packages that help borrowers find mortgages at the most competitive price.
To facilitate the Congress's study of the central issues of reform, our report focuses on four broad policy questions concerning closed-end home-secured loans: the effectiveness of the finance charge and the APR (a TILA question), the reliability of settlement cost disclosures (a RESPA question), the timing of disclosures (both), and substantive protections to target abusive lending practices (both).
The loss adjustment is calculated by comparing the total contract price with the estimated cost at completion (that is, total cost incurred before the termination, plus the estimated costs to complete the contract if the termination had not occurred): The allowable termination settlement cost then is computed by multiplying the loss adjustment factor by the allowable costs incurred by the contractor excluding settlement costs:
According to the company, the adjusted sale price was nearly around $490 million and that it expects $415 million in net proceeds, net of pension settlement costs, transaction related expenses and gains related to foreign exchange hedging.
Chief executive Ross McEwan cautioned of more pain to come as the bank faces further fines for "conduct issues of the past", with RBS braced for settlement costs in the US related to mortgage-backed securities, which have battered many of its rivals in America over the past couple of years.
Earlier this year, banking research firm, Autonomous, put the worldwide potential settlement costs at around USD35bn.
Becker, who also requested a meeting with Bernanke, urged the Fed to examine the authorization, clearance or settlement costs of particular types of transactions.
Before class action settlement costs and related taxes, diluted earnings per share were up 23.
GAAP net loss includes non-recurring expenses for the second quarter of $420,000 in legal and other fees incurred in the second quarter of 2009 related to the previously announced merger agreement with Google and $523,000 in litigation settlement costs.