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Offset Statement |
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Offset Statement(1) A statement given to a buyer of rental property by a tenant, setting forth the amount of rent and terms of the rental agreement. (2) A statement by an owner or lien-holder to a buyer, setting forth the balance due on existing liens against the property being purchased.Offset Statement Similar MatchesNotes 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. Profit and loss statement (P&L)Profit and loss statement (P&L)A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment. Uniform Settlement StatementUniform Settlement StatementThe Standard HUD Form 1 required to be given to the borrower, lender and seller at, or prior to, settlement. Copy statementCopy statementThis is an additional statement of your mortgage account. You are usually charged by your lender when you request a copy of an annual statement previously issued or when you request a statement outside of the normal annual statement period. Costs £10 - £20 Completion statementCompletion statementA statement, prepared by the seller, stating exactly how much the buyer should be paying on completion. Further SuggestionsOfficial statementFinancial Statement Redemption statement Reinstatement Offering statement Statement of Additional Information (SAI) Statement of Financial Accounting Standards No 8 Opportunity Statement Pro forma statement Income statement (statement of operations) Account statement Statement of Cash Flows Method bank statement Annual mortgagor statement Consolidated financial statement Percentage financial statement Disposition of Real Estate Statement Sources and applications of funds statement Reinstatement value Purpose statement Statement of condition Combined financial statement Reinstatement Closing Statement statement of account |
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