Assumption

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Assumption

Becoming responsible for the liabilities of another party.

Assumption

The act of taking on the liabilities of another property. For example, if one is a co-signer on a loan and the borrower defaults, the co-signer assumes the responsibility to repay the loan.

Assumption

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 seller remains liable for the mortgage.

References in periodicals archive ?
The ground zero of her assumptive logic assumes the universality of metaphysical presence in all victims of torture; and it is this metaphysical presence that torture seeks to undo.
Aiming at simplifying the modeling, the node reliability is assumptive. But these assumptions are no longer suitable for MANET environment.
Sixth, because managers are typically unaware of the self-fulfilling nature of their assumptive worlds, there is often a misperception of cause and effect.
In the first two years following the launch of stock transaction gains tax, great majority of stock investors will be subject to the system of tax according to assumptive gains.
Earlier this week, the Republican former president gave a tepid endorsement for Republican assumptive nominee Mitt Romney after Bush delivered a speech on foreign policy in the capital.
What the foregoing citation illustrates is, I think, the bold width of Marable's biographical brush, as well as his assumed privilege of ventriloquizing the "unspoken." The assumptive phrase "What he appears to be saying" is a perfect example of the risk involved in biographical hermeneutics, and such wide interpretive latitude is calculated to stir the ire of dedicated Malcolmites.
This seems no more convincing than the idea that readings of immaterial affect, sensation, habits or objects somehow occur without an assumptive framework or theoretical predisposition in place.
They originate either in the Cognitive-Information Processing Model, which includes (a) Janoff-Bullman's (1985, 1992) Shattered World Assumptions theory, and (b) Kauffman's (2002) Assumptive World theory; or in the Cognitive-Constructivist approach, which is dominated by Neimeyer's (2006, 2007) Narrative theory.
O conceito de crencas basicas deriva da teoria dos pressupostos fundamentais (Assumptive World Theory), que postula haver um sistema conceitual desenvolvido ao longo do tempo, o qual nos fornece expectativas sobre o mundo e sobre nos mesmos (Janoff-Bulman, 1992).
After this baseline calculation is completed, here are some of the important assumptive facts of the problem:
Theorizing culture and communication in the Asian context: An assumptive foundation.
Rao here establishes the chorus that will be repeated throughout this book--that western science suffers from an assumptive base which rules out psi, thus forcing parapsychology into the paradox of using science to demolish the very assumptive base of science itself.