closing statement

closing statement definition - legal

n

  1. Same as closing argument. See argument.
  2. A detailed written summary of the costs (bank fees, legal fees, purchase price, and so on) involved in conveyance of real property or an interest in real property.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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