Business / Taxes / Settlement Agent: In some states, a settlement agent, or closing agent, handles the real estate transaction when you buy or sell a home. He or she oversees title searches, legal documents, fee payments, and other details of transferring property, acting on your behalf to ensure that the conditions of the contract have been met and appropriate real estate taxes have been paid. A settlement agent also represents you at the closing, so you don’t need to be present.
Agent Noun Synonyms: representative, intermediary, go-between, proxy, emissary, delegate, spokesman, spokeswoman, spokesperson, deputy, substitute, surrogate, advocate, emissary, legate, envoy, factor
Settlement Noun Synonyms: payment, defrayal, discharge, liquidation, satisfaction, settling, quittance, clearing, clearance
Settlement Verb Synonyms: colony, outpost, post, camp, community, encampment, village, hamlet
Business / Real Estate / Uniform Settlement Statement: The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Proce MORE
Business / Finance / Same-Day Funds Settlement (SDFS): A method of settlement used in trading between well-collateralized parties in good-the-same-day federal funds used by the Depository Trust Company for transactions in U.S. government securities, short MORE