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)

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References in periodicals archive ?
It assumes that new businesses will sprout from nowhere and established ones expand exponentially, all without funding being available.
In an authoritarian style, one assumes that correct knowledge and wisdom reside in the person of the leader where major decisions should be made (an assumption of the leader, often supported by some or even many of the followers).
I assume the pod you collected was ripe, with mature seeds, collected sometime in mid- to late autumn.
The model assumes that stock prices will increase at the risk-free interest rate (B15) minus the expected dividend yield (B16), then plus or minus the price volatility (B12) assumed for the stock.
We must assume that Gutas' point lies in the very reiteration of this general scholarly approach to the history of Islamic intellectual trends and scientific developments.
We all have a certain tunnel vision in our views: For the well-read, it is easy to assume that everyone has the time, interest, access, and understanding to counterbalance the bias of any one news source.
The effect of this language is the second party assumes responsibility (legal liability) for the negligent acts, errors, or omissions of the first party.
This approach assumes that the number of daily deaths in the lth stratum, [y.sub.(l)](t), follows a Poisson distribution with the expected number of deaths on day t given by
In" Tower Power" (February 2003), regarding the construction of a skyscraper in Mexico, your reporter assumes the building is 55 meters above Reforma Avenue and 44 meters taller than the Torre Latinoamericana.