Definition of "assumption"
  1. The action of taking responsibility for a debt tied to a particular property, as part of purchasing that property
How to use "assumption" in a sentence
  1. When he bought the house, he made an assumption for the existing mortgage.
  2. The assumption of the restaurant's lease was included in the acquisition deal.
  3. She managed to keep the car after her divorce based on an assumption of the outstanding loan.

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