assumption of an obligation

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• assumption — noun 1) an informed assumption Syn: supposition, presumption, belief, expectation, conjecture, speculation, surmise, guess, premise, hypothesis; conclusion, deduction, inference; rare illation, notion, impression 2) …   Thesaurus of popular words

• assumption — I (adoption) noun acceptance, acquisition, receiving, reception, recipience, selection, taking on, undertaking associated concepts: assumpsit on quantum meruit, assumption agreement, assumption of debt, assumption of facts, assumption of… …   Law dictionary

• assumption of risk — as·sump·tion of risk: a doctrine that a person may in advance relieve another person of the obligation to act towards him or her with due care and may accept the chance of being injured; also: an affirmative defense that the plaintiff cannot… …   Law dictionary

• Assumption reinsurance — is a form of reinsurance whereby the reinsurer is substituted for the ceding insurer and becomes directly liable for policy claims. This ordinarily requires a notice and release from affected policyholders. In the more typical reinsurance… …   Wikipedia

• Assumption of Mary — Assunta redirects here. For the hospital in Malaysia, see Assunta Hospital. Santa Maria Assunta redirects here. For churches with this dedication, see Santa Maria Assunta (churches). This article is about the theological concept. For works of art …   Wikipedia

• assumption — The act of conceding or taking for granted. Laying claim to or taking possession of. The act or agreement of assuming or taking upon one s self. The undertaking or adoption of a debt or obligation primarily resting upon another, as where the… …   Black's law dictionary

• assumption clause — In mortgages, a provision that the mortgage may not be assumed without written consent of mortgagee. See assumption of mortgage. Also a provision in an instrument of transfer in which the transferee agrees to assume an obligation of the… …   Black's law dictionary

• assumption — The act of conceding or taking for granted. Laying claim to or taking possession of. The act or agreement of assuming or taking upon one s self. The undertaking or adoption of a debt or obligation primarily resting upon another, as where the… …   Black's law dictionary

• assumption clause — In mortgages, a provision that the mortgage may not be assumed without written consent of mortgagee. See assumption of mortgage. Also a provision in an instrument of transfer in which the transferee agrees to assume an obligation of the… …   Black's law dictionary

• assumption of debt — See assumption of obligation …   Ballentine's law dictionary

• Assumption of Mary — noun celebration in the Roman Catholic Church of the Virgin Mary s being taken up into heaven when her earthly life ended; corresponds to the Dormition in the Eastern Orthodox Church • Syn: ↑Assumption, ↑August 15 • Hypernyms: ↑holy day of… …   Useful english dictionary