A mortgage for which repayment may not be made prior to maturity , and for which repledging of the same collateral requires the bondholder's permission. Or more generally, to sell a position for any reason. A market with a narrow spread . An option contract for which the strike price is close to the current market price of the underlying security . The end of a trading session .
Examples are title searches , lawyer's fees, survey charges, and deed filing fees.
The date on which the seller of a property delivers the deed and the buyer pays for it. The final bookkeeping entries made at the end of an accounting period to transfer income and expense items to the balance sheet accounts. A transaction made in order to close out a position. A transaction in which the seller's intention is to reduce or eliminate a long position in a stock or an option series . A document prepared by a closing agent describing a real estate transaction , including the escrow deposits for taxes , commissions , loan fees, points , hazard insurance , and mortgage insurance .