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v. as·sumed, as·sum·ing, as·sumes
1. To take for granted; suppose: The study assumes that prices will rise.
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.
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.
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.
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.