Related Words

Assumption: Becoming responsible for the liabilities of another party.

Assumption Of Mortgage: The acts of acquiring title to property that has an existing mortgage and agreeing to be personally liable for the terms and conditions of the mortgage, including payments.

Zero Prepayment Assumption: Applies mainly to international equities. Japanese securities transactions conducted on the principal of auction, i.e., (1) price priority in which the selling (buying) order with the lowest . . . View Full Definition

Economic Assumptions: See earnings before interest, taxes, depreciation, and amortization.

Assumption Subject To: When a loan is taken subject to, the seller agrees to remain liable and the buyer accepts no liability in the event of a deficiency on a foreclosure.

The Assumption of Mary: The custom of celebrating Thanksgiving, an annual celebration held after the harvest began around 1621 when the Pilgrims fulfilled a successful and bountiful harvest in the New World. The fi . . . View Full Definition

Homogeneous Expectations Assumption: Exhibiting a high degree of homogeneity.

Original Horizontality: One of the principles of relative dating. Based upon the good assumption that sedimentary rocks are deposited in horizontal or nearly horizontal layers: then if sedimentary layers are found . . . View Full Definition

Twelfth Night: Many different Catholic congregations celebrate August 15 as a religious holiday for the Assumption of Mary. Portuguese call Mary Our Lady of Angels. Greeks may undertake a partial fast befo . . . View Full Definition

Impression: A single view of one page by a single user, used in calculating advertising rates.