« [ Back to Home ] »
<< Return to Law Dictionary Home

Law Dictionary Online

Search Legal Term

Web	Bestonlinedictionary.com

[ Home ] [ Law Dictionary ] [ Medical Dictionary ] [ Computer Dictionary ]

A to Z Legal Definitions and Terms Search

| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q |
| R | S | T | U | V | W | X | Y | Z |

assume definition

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 also assumption

<< Return to Law Dictionary Home Page

law dictionary, legal dictionary, online law dictionary, legal terms dictionary, online legal dictionary, legal definition, legal terms and definition, Best online Dictionary, Law Dictionary Software, Download Law Dictionary, law dictionary, legal dictionary, online law dictionary, legal terms dictionary, online legal dictionary, legal definition, legal terms and definition, Best online Dictionary, Law Dictionary Software, Download Law Dictionary

[ Home ] [ Law Dictionary ] [ Medical Dictionary ] [ Computer Dictionary ]

Advertisers : www.hobbyprojects.com, www.sciencelobby.com, www.hotgamecheater.com,
www.indianfoodrecipes.net, www.joyeemukherjee.com, www.beautytipsforwomen.net

Best Online Dictionary .com