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assume |
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assume v. to take over the liability for a debt on a promissory note, which is often done by the buyer of real property which has a secured debt upon it. Example: Bob Buyer pays part of the price of a piece of real property by taking over the debt that Sally Seller had on the property. However, usually the original owner to whom Sally owes the debt must agree to the assumption. (See: assumption) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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There, assumably witnessed by at least one sane person, his all-but-lifeless body was hoisted into the dunk tank with a minister and baptized. Assumably, we wrote him off as injured for the rest of the trip; within the next day he surprises everyone and has no problems skating better than ever. |
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