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An opinion or judgment that is not made as a representation of fact. Puffing is generally an expression or exaggeration made by a salesperson or found in an advertisement that concerns the quality of goods offered for sale. It presents opinions rather than facts and is usually not considered a legally binding promise.
The real estate closing is also referred to as settlement. The two terms are interchangeable, though closing is the more common usage. This is the final step in a real estate purchase transaction. It's when property ownership is transferred from the seller to the buyer. There will also be a final distribution of funds on closing day. The sellers will receive a check for whatever proceeds they earned from the sale. The real estate agents will receive a check for their commissions, if applicable.