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| Closet bolts
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bolts whose head is fitted to a closet flange and that protrudes up through a toilet base. A nut is tightened around it on the toilet base. Two (or four) bolts serve one toilet. |
| Closet flange
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A floor flange that's held to the floor with screws or anchors where a toilet mounts directly above it attached with closet bolts and the closet bend attaches below it. |
| Closet floor flange
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Flange, also called a closet floor flange, which connects the closet bend to the water closet (toilet) by being set slightly above the subfloor surface so that the bottom of the toilet is flush with the finished floor. Attachment is made by cementing the flange to the closet bend by soldering or using a lead and oakum joint. The method of attachment depends on the type of drainage system material used. A wax gasket is fitted between the toilet and the closet flange. Bolts are tightened to hold the toilet in place and to compress the gasket to make a tight seal. Closet flanges are made of plastic or metal. |
| Closet tube
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A water supply tube used for toilets. |
| Closing
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The process that effects the final transfer of the deed from the seller to the buyer, as well as finalize all aspects of the mortgage of the property. |
| Closing costs
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Funds needed at the time of closing (separate from and in addition to the down payment). Loan origination fees, discount points, Attorney fees, recording fees and pre-paids are some items that may be included. They often will total from 3% to 5% of the price of the home, payable in cash. |
| Closing escrow
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All of the conditions of the purchase and sale agreement have been fulfilled and the escrow agent has prepared a written summary of the funds received in escrow and those funds are now paid out. |
| Closing of title
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Legal procedure in which property ownership is transferred. |
| Closing statement
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Document detailing the final financial settlement and costs paid by both buyer and seller of a property. |
| Closing survey
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Using the measurements of a survey to find the area of a piece of land. |
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