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  2. ‘Cash to close’: What it means and how it works - AOL

    www.aol.com/finance/cash-close-means-works...

    Cash to close is literally the amount of cash you’ll need to close on your home purchase. ... payment on a $350,000 home, or $35,000. If the contract required 3 percent in earnest money, you’d ...

  3. Closing on a house: What to expect - AOL

    www.aol.com/finance/guide-closing-house-expect...

    Closing day is the final step in what is often a lengthy process – also called “closing” – associated with a real estate sale. It can take a couple of months between signing a purchase ...

  4. Checklist: 8 Things You Need to Do Before Closing on a Home - AOL

    www.aol.com/checklist-8-things-closing-home...

    With preapproval, attending showings, committing to a down payment and engaging in bidding wars, buying a home can be arduous. If you have made it to the final walkthrough, congratulations!

  5. HUD-1 Settlement Statement - Wikipedia

    en.wikipedia.org/wiki/HUD-1_Settlement_Statement

    The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...

  6. Construction bidding - Wikipedia

    en.wikipedia.org/wiki/Construction_bidding

    Either the costs that the contractor incurs are greater than the price he is charging the client (as a consequence of a lower tender determining the contract sum), and thus is likely to go insolvent, or he will claim for "loss and/or expense" due to discrepancies in the contract documents (this can be done deliberately). The lowest tender is ...

  7. Lump sum contract - Wikipedia

    en.wikipedia.org/wiki/Lump_sum_contract

    A Contractor under a lump sum agreement will be responsible for the proper job execution and will provide its own means and methods to complete the work. [6] With a lump sum contract or fixed-price contract, the contractor assesses the value of work as per the documents available, primarily the specifications and the drawings. At pre-tender ...

  8. Home Improvement Contract Essentials - AOL

    www.aol.com/2011/03/10/home-improvement-contract...

    Big talk about your next home improvement project may be exciting, but don't skip the step of securing a formal, written contract from your contractor if you want to make that dream a reality.

  9. Cashier balancing - Wikipedia

    en.wikipedia.org/wiki/Cashier_balancing

    Cashier balancing [1] or cashing up is the process of a cashier counting the money in a cash register at the end of a business day or working shift. The process is usually conducted in businesses such as grocery stores, restaurants and banks, and makes the cashier responsible for the money in their cash register.

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