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 ?
The now parent company, Verizon, will pay half the settlement cost while Altaba, the remaining part of Yahoo after sale to Verizon will pay the other half.
Yahoo disclosed the issue after it had already negotiated a $4.83B deal to sell its digital services to Verizon (VZ) and Verizon will now pay for one half of the settlement cost, with the other half paid by Altaba (AABA), a company established to hold Yahoo's investments in Asian companies and other assets after the sale.
Broader concerns are that rising large claims and litigation settlement cost trends in commercial auto will spill over to other liability segments, further weakening overall profitability.
The Federal Reserve Board was responsible for Regulation Z, which implemented the TILA, and the Department of Housing and Urban Development was charged with generating the settlement cost disclosures (the Good Faith Estimate and the HUD-1/HUD-1A Settlement Statement) required by RESPA.
According to Wells Fargo Insurance, the average settlement cost for the claims exceeds USD80,000 with fines costing as much as USD2,500 per exposure per day.
This meant the settlement cost him PS20,000 more than if he had bought season tickets.
The country's energy officials have admitted in a plenary debate in Congress that there is no specific provision in the Electric Power Industry Reform Act (EPIRA) allowing pass-on of the P63 billion settlement cost on a case it lost against the National Power Corporation's Drivers and Mechanics Association or what is now widely known as the DAMA case.
How much will Bank of America's expected $17 billion mortgage settlement cost the company?
said Wednesday it has agreed to settle a class action lawsuit in the United States related to its past vehicle recalls for unintended acceleration problems and will take a $1.1 billion (about 94.0 billion yen) charge to cover the settlement cost.
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.
He asks: "When he divorced his wife, which Hollywood star refused to divulge just how much a settlement cost him?