n. the act of taking over a debt as part of payment for property ...

Becoming responsible for the liabilities of another party.

Acceptance of information as true without proof or demonstration.

1 [countable] a belief or feeling that something is true or that something will happen, although there is no proof an underlying/implicit assumption We need to challenge some of the basic assumptions [..]

The amount of risk accepted by a reinsurer.

c. 1300, "the reception, uncorrupted, of the Virgin Mary into Heaven," also the Church festival (Aug. 15) commemorating this, Feast of the Assumption, from Old French assumpcion and directly [..]

A legal document signed by a homebuyer that requires the buyer to assume responsibility for the obligations of a mortgage by the builder or original owner.

There may be external circumstances or events that must occur for the project to be successful. If you believe such an event is likely to happen, then it would be an assumption. (Contrast with the def [..]

An initial condition or statement that sets the stage for an analysis by abstracting from the real world. Assumptions are important to economic theories and economic analysis. Some assumptions are use [..]

See: assume, assumption of risk

premise: a statement that is assumed to be true and from which a conclusion can be drawn; "on the assumption that he has been injured we can infer that he will not to play" a [..]

When a buyer takes over, or "assumes" the sellers mortgage.

A guess, or belief, that is presumed to be true, real, or certain even though there is no validated learning to know that it is true. Contrast with validated learning.

In science, an auxiliary hypothesis that is taken as true for the purposes of interpreting a particular test. All tests involve making assumptions. If an assumption of a test turns out to be inaccurat [..]

The term applied when a buyer assumes the seller's mortgage.

Definition The taking over of an obligation or liability from another party.

u. 1. the premise or supposition that something is a fact, therefore, this is the act of taking something for granted. 2. one or several conditions that need to be met to justify use of a statistical [..]

hashore

Agreement between buyer and seller for the buyer to take over the payments on an existing mortgage.

A method of selling real estate where the buyer of the property agrees to become responsible for the repayment of an existing loan on the property. Unless the lender also agrees, however, the sell [..]

is something taken for granted or accepted as true without proof. asteroid

An agreement between a buyer and a seller, requiring lender approval, where the buyer takes over the payments for a mortgage and accepts the liability. Assuming a loan can be advantageous for a buyer because there are no closing costs and the loan's interest rate may be lower than current market rates. Depending on what is in the mortgage or d [..]

An agreement between buyer and seller in which the buyer takes over the payments on an existing mortgage from the seller. Learn more...

Assumption is an agreement between the buyer and seller   where a buyer assumes a seller's mortgage and takes over the payments on the exisiting mortgage. This is a big saving for a buyer as it [..]

(n) a statement that is assumed to be true and from which a conclusion can be drawn(n) a hypothesis that is taken for granted(n) the act of taking possession of or power over something(n) celebration [..]

Allows a buyer to assume responsibility for an existing loan instead of getting a new loan.

The 15th of August, so called in honour of the Virgin Mary, who (according to the Roman and Greek Churches) was taken to heaven that day (A.D. 45), in her corporeal form, being at the time seventy-fiv [..]

A statement accepted or supposed as true without proof or demonstration; an unstated premise or belief. All human thought and experience is based on assumptions. Our thought must begin with something [..]

When a buyer takes over, or "assumes" the sellers mortgage.

The agreement between buyer and seller in which the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money, since this is an existing mortgage debt, unlike a new mortgage where closing costs as well as new, possibly higher, market-rate interest charges may apply.

The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money since this is an existing mortgage debt.

The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money since this is an existing mortg [..]

Something which is accepted as being true for the purpose of an argument.

A mortgage that allows a new owner to take over the payments. The original borrower remains subject in the mortgage note.

n. the act of taking over a debt as part of payment for property which secures that debt.

The translation of the Virgin Mary. Although not taught in the New testament, it was established by tradition in 1950 AD in the Catholic Church. It has been taught that the Virgin Mary was bodily tra [..]

Conditions or resources that your group believes are needed for the success of your program, and that you believe already exist and will not be problematic. An assumption like a precondition

The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a loan can usually save the buyer money since this is an existing mortg [..]

An assumption is style of property used by a designer or verification engineer to describe expected design conditions or inputs. This is used as part of an ABV flow. Within a simulation-based flow, an [..]

Taking over another person's financial obligation; taking title to a property with the Buyer assuming liability for paying an existing note secured by a deed of trust against the property.

The act of assuming, or taking to or upon one's self; the act of taking up or adopting. ''His assumption of secretarial duties was timely.'' The act of taking for granted, or supposing a thing w [..]

A mortgage that allows a new owner to take over payments. The original borrower remains liable on the mortgage note.

A method of selling real estate where the buyer of the property agrees to become responsible for the repayment of an existing loan on the property.

That which is taken to be true.

Agreement between buyer and seller, where the buyer takes over (assumes) the payments on an existing mortgage from the seller. Assuming a loan usually saves the buyer money because an existing mortgage debt does not require closing costs or new, potentially higher, market-rate interest charges.

A statement that is believed to be true in the absence of proof or definitive knowledge.

Becoming responsible for the liabilities of another party.