assumption of obligations

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• 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 — /euh sump sheuhn/, n. 1. something taken for granted; a supposition: a correct assumption. 2. the act of taking for granted or supposing. 3. the act of taking to or upon oneself. 4. the act of taking possession of something: the assumption of… …   Universalium

• assumption — as•sump•tion [[t]əˈsʌmp ʃən[/t]] n. 1) something taken for granted; a supposition 2) the act of taking for granted or supposing 3) the act of taking to or upon oneself 4) the act of taking possession of something: the assumption of power[/ex] 5)… …   From formal English to slang

• 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 — 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 of charge on land — The agreement of the transferee of property to pay obligations of the transferrer which are chargeable on it. Springer v De Wolf, 194 111 218, 62 NW 542 …   Ballentine's law dictionary

• Underlying Mortality Assumption — Projections of expected death rates used by actuaries to estimate insurance premiums and pension obligations. Underlying mortality assumptions are based on mortality tables, which are statistical tables of expected annual mortality rates. Because …   Investment dictionary

• assignment and assumption agreement — USA assignment and assumption agreement, Also called an assignment and assumption. An agreement in which one party transfers its contractual rights and obligations to another party. For forms of assignment and assumption agreements for bank loans …   Law dictionary

• assignment and assumption — USA assignment and assumption agreement, Also called an assignment and assumption. An agreement in which one party transfers its contractual rights and obligations to another party. For forms of assignment and assumption agreements for bank loans …   Law dictionary

• contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing …   Universalium

• title — A mark, style, or designation; a distinctive appellation; the name by which anything is known. Thus, in the law of persons, a title is an appellation of dignity or distinction, a name denoting the social rank of the person bearing it; as duke or… …   Black's law dictionary