assumption

Definition

The taking over of an obligation or liability from another party.

Use assumption in a sentence

You should never make a big assumption when entering a risky deal without first getting all of the facts you can.

​ Was this Helpful? YES  NO 11 people found this helpful.

The assumption of debt may seem like a step backwards, but when you also receive assets the potential for profit is worth the risk.

​ Was this Helpful? YES  NO 2 people found this helpful.

The general assumption was that Aaron Hernandez was a complete moron, considering he wasted a life of fame and fortune in the NFL by killing a man for no reason.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # 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
preferences loan servicing