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Closing Statement |
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Closing StatementA summary, in the form of a balance sheet, showing the amounts of debits and credits to which each party to a real estate transaction is entitled upon closing.Closing Statement Similar MatchesUniform Settlement StatementUniform Settlement StatementThe Standard HUD Form 1 required to be given to the borrower, lender and seller at, or prior to, settlement. Pro forma statementPro forma statementA financial statement showing the forecast or projected operating results and balance sheet, as in pro forma income statements, balance sheets, and statements of cash flows. ReinstatementReinstatement(1) Payment of a note, mortgage, deed of trust, etc., to bring it from default to good standing. (2) Restoring the previously used entitlement of a veteran to enable the veteran to purchase property under a VA program. (Also called Restoration of Eligibility). Notes to the financial statementsNotes to the financial statementsA detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements. Redemption statementRedemption statementThe outstanding amount to be repaid on an existing mortgage. Redundancy insurance Another form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU). Further SuggestionsOfficial statementPurpose statement bank statement Completion statement Statement of Financial Accounting Standards No 8 Statement of condition Sources and applications of funds statement statement of account Statement of Cash Flows Method Consolidated financial statement Annual mortgagor statement Financial Statement Statement of Financial Accounting Standards No 52 Statement of Additional Information (SAI) Opportunity Statement Statement billing Offering statement profit and loss statement (P&L) Account statement Percentage financial statement Reinstatement Offset Statement Combined financial statement Reinstatement value Income statement (statement of operations) |
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