Meaning of closing costs

clos'ing costs"

Pronunciation: [key]
— Real Estate. Real Estate.
  1. fees charged to a purchaser by a bank, lawyer, etc. for services related to a sale, as title search, appraisal, etc.
  2. any expenses over the purchase price of a house, land, etc., that is paid by the purchaser or seller at the completion of the sale.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.