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Hud-1 Settlement Statement

hud-1 settlement statement n

[Department of H ousing and U rban D evelopment (which publishes the form) + 1 (indicating its place in a sequence of such forms)]
: a form signed at closing that sets out expenses, disbursements, and adjustments relating to the purchase of real property


Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.