Assumption

Business, Legal & Accounting Glossary

Definition: Assumption



What is the dictionary definition of Assumption?

Dictionary Definition


n. the act of taking over a debt as part of payment for property which secures that debt.


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/
Modern Language Association (MLA):
Assumption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. August 01, 2021 https://payrollheaven.com/define/assumption/.
Chicago Manual of Style (CMS):
Assumption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/assumption/ (accessed: August 01, 2021).
American Psychological Association (APA):
Assumption. PayrollHeaven.com. Retrieved August 01, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/assumption/

Definition Sources


Definitions for Assumption 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: 26th April, 2020 | 0 Views.