Assumption Clause

Business, Legal & Accounting Glossary

Definition: Assumption Clause


Assumption Clause


Full Definition of Assumption Clause


A contractual provision that enables the buyer to take responsibility for the mortgage loan from the seller.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/assumption-clause/
Modern Language Association (MLA):
Assumption Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/assumption-clause/.
Chicago Manual of Style (CMS):
Assumption Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/assumption-clause/ (accessed: December 07, 2021).
American Psychological Association (APA):
Assumption Clause. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/assumption-clause/

Definition Sources


Definitions for Assumption Clause are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.