I recently encountered the term 'seal payment' in a business transaction and was unsure of its meaning. I want to understand what a seal payment entails, its purpose, and how it differs from other types of payments.
5 answers
KatanaSword
Sat Nov 23 2024
A sealing fee is a term used interchangeably with several other expressions.
KimchiQueenCharmingKissWarmth
Sat Nov 23 2024
These include discharge fee, redemption fee, and exit fee.
MysticInfinity
Sat Nov 23 2024
The purpose of this fee is typically related to the finalization of a mortgage.
AltcoinExplorer
Fri Nov 22 2024
When this fee is applicable, it usually falls within a range of £100 to £301.
Martina
Fri Nov 22 2024
The exact amount of the sealing fee is outlined in the mortgage's terms and conditions.