HUD–1 settlement statement /'həd-'wən-/ n [Department of H ousing and U rban D evelopment (which publishes the form) + 1 (indicating its place in a sequence of such forms)]: a form signed at closing that sets out expenses, disbursements, and adjustments relating to the purchase of real property
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.