closing costs
Definition
Fees and expenses, over and above the price of the property, incurred by the buyer and/or the seller in the property ownership transfer. Examples are title searches, lawyer's fees, survey charges, and deed filing fees. also called settlement costs.
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Related terms:
acquisition cost, net proceeds, affordability analysis
'closing costs' appears in the definitions of these other terms on BusinessDictionary.com:
assumption of mortgage
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