assumption
111Assumption of Mary — This term (from the Latin assumere, meaning to take up ) refers to the dogma that was officially proclaimed by Pope Pius XII on November 1, 1950. The dogmatic definition of the Assumption of Mary, which states that after the completion of her… …
112assumption clause — In mortgages, a provision that the mortgage may not be assumed without written consent of mortgagee. See assumption of mortgage. Also a provision in an instrument of transfer in which the transferee agrees to assume an obligation of the… …
113assumption of mortgage — To take or acquire a mortgage or deed of trust from some prior holder. Thus, a purchaser may assume or take over the mortgage of the seller. Often this requires permission of the mortgagee. This is distinguishable from taking equity of redemption …
114assumption clause — In mortgages, a provision that the mortgage may not be assumed without written consent of mortgagee. See assumption of mortgage. Also a provision in an instrument of transfer in which the transferee agrees to assume an obligation of the… …
115assumption of mortgage — To take or acquire a mortgage or deed of trust from some prior holder. Thus, a purchaser may assume or take over the mortgage of the seller. Often this requires permission of the mortgagee. This is distinguishable from taking equity of redemption …
116assumption of debt — See assumption of obligation …
117assumption of mortgage — An agreement by the grantee of mortgaged premises to pay the debt secured by the mortgage. 37 Am J1st Mtg § 997. There is a broad and obvious distinction in the effect there of upon the rights of the parties, between the taking of mortgaged… …
118assumption of risk — A defense against liability for negligence which is based upon the principle that one who knows, appreciates, and deliberately exposes himself to a danger assumes the risk thereof. 38 Am J1st Negl § 171. An employee by his very act of entering… …
119Assumption of Mary — noun celebration in the Roman Catholic Church of the Virgin Mary s being taken up into heaven when her earthly life ended; corresponds to the Dormition in the Eastern Orthodox Church • Syn: ↑Assumption, ↑August 15 • Hypernyms: ↑holy day of… …
120assumption — A supposition on the current situation or a presupposition on the future course of events, either or both assumed to be true in the absence of positive proof, necessary to enable the commander in the process of planning to complete an estimate of …
