Settlement Agent: The person who organizes and is in charge of the loan closing. The settlement agent is the person who can explain any document the borrower must sign.

 

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Settlement Agent: The person who organizes and is in charge of the loan closing. The settlement agent is the person who can explain any document the borrower must sign.

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 Settle . . . View Full Definition

Regular Way Settlement: In the money and bond markets, the standard basis on which some security trades are settled is that the delivery of the securities purchased is made against payment in Fed funds on the day f . . . View Full Definition

Regular Settlement: Transaction in which a stock contract is settled and delivered on the fifth full business day following the date of the transaction (trade date). In Japan, regular settlement occurs three bu . . . View Full Definition

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 securit . . . View Full Definition

Referral Agent: An ' agent ' that refers business to a travel agency in return for a commission or fee often as part of a card mill operation. Knows little about the travel industry be sure you know who you . . . View Full Definition

Sellers Agent: An agent who represents the seller of real property.

Settlement Date: The settlement date is the date by which a securities transaction must be finalized. By that date the buyer must pay for the securities purchased in the transaction, and the seller must deli . . . View Full Definition

Settlement: The time when loan and mortgage documents are formally signed and the loan transaction is completed. Sometimes called 'Closing.'

Reducing Agent: A reducing agent is a substance that reduce another substance by supplying electrons to it. Reducing agents cause other substances to be reduced in chemical reactions while they themselves a . . . View Full Definition