assumable

Also found in: Legal, Idioms.

as·sume

 (ə-so͞om′)
v. as·sumed, as·sum·ing, as·sumes
v.tr.
1. To take for granted; suppose: The study assumes that prices will rise.
2.
a. To take upon oneself (a duty or obligation): assume responsibility; assume another's debts.
b. To undertake the duties of (an office): assumed the presidency.
3.
a. To take on (an appearance, role, or form, for example); adopt: "The god assumes a human form" (John Ruskin).
b. To pretend to have; feign: assume an air of authority.
4. To take over without justification; seize: assume control.
5. To clothe oneself in; don: The queen assumed a velvet robe.
6. To take up or receive into heaven.
v.intr.
To make a supposition; suppose or believe: "Is Kay's husband coming to dinner too?" "I assume so."

[Middle English assumen, from Latin assūmere : ad-, ad- + sūmere, to take; see em- in Indo-European roots.]

as·sum′a·bil′i·ty n.
as·sum′a·ble adj.
as·sum′a·bly adv.
as·sum′er n.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Translations
References in periodicals archive
This may be an inappropriate time to think about the value of assumable financing.
Harvey Rottenberg, principal of NYMC., negotiated a $1.875 million, 10-year assumable mortgage at an interest rate of 5.522% for the first five years, with a re-set option at 200 basis points over five-year Treasury notes for the next five years.
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