Closed End - Law Dictionary Search Results
Home Dictionary Name: closed endclosed-end
closed-end : having a fixed capitalization of shares that are traded on the market at prices determined by supply and demand [a investment company] compare open-end ...
open-end
open-end : organized to allow for contingencies: as a : permitting additional debt to be incurred under the original debt instrument subject to specified conditions see also open-end mortgage at mortgage b : having fluctuating capitalization of shares that are issued or redeemed at the current net asset value or at a figure in fixed ratio to this [an investment company] compare closed-end c : calling for the filling by a particular contractor of all government needs for a specific product during a specified period [an contract] ...
close
close closed clos·ing vt 1 : to bring to an end or to a state of completion [closed the case] [ an estate by liquidating its assets] [closing his account] 2 : to conclude discussion or negotiation about ;also : to bring to completion by performing something previously agreed [closing a merger] [ the property sale] vi 1 : to enter into or complete an agreement (as for the sale of real estate) [they closed on the house] 2 : to come to an end or to a state of completion [after the class closes, the trust shall continue…until the death of the last surviving member of the class "Louisiana Revised Statutes"] n : an enclosed area [break another's ] ...
closing
final or ending terminal as the closing stages of the election the closing weeks of the year the closing scene of the film closing remarks Opposite of opening...
trust
trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...
End
The extreme or last point or part of any material thing considered lengthwise the extremity of breadth being side hence extremity in general the concluding part termination close limit as the end of a field line pole road the end of a year of a discourse put an end to pain opposed to beginning when used of anything having a first part...
closing argument
closing argument : the final address to the jury by the attorney for each side of a case in which the attorney usually summarizes the evidence and his or her client's position called also closing statement final argument summation summing-up NOTE: Rule 29.1 of the Federal Rules of Criminal Procedure requires the prosecution to open the closing argument after the closing of the evidence. The defense replies, and the prosecution may offer a rebuttal. ...
closing costs
closing costs fees for final property transfer not included in the price of the property. Typical closing costs include charges for the mortgage loan such as origination fees, discount points, appraisal fee, survey, title insurance, legal fees, real estate professional fees, prepayment of taxes and insurance, and real estate transfer taxes. A common estimate of a Buyer's closing costs is 2 to 4 percent of the purchase price of the home. A common estimate for Seller's closing costs is 3 to 9 percent. Source: U.S. Department of Housing and Urban Development ...
closing
closing : the fulfillment or performance of a contract esp. for the sale of real estate ;also : a meeting at which the closing of a contract takes place [represented us at the ] NOTE: At the closing for the completion of the sale of real property, the purchase price is paid and title is transferred to the purchaser or mortgagor. ...
close set
arranged close together as close set eyes close set teeth...
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