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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Closing costs  

Definition 1.

All the expenses involved in transferring ownership of real estate.
 

Definition 2.

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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