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


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Page URL
https://payrollheaven.com/define/assumption/
Modern Language Association (MLA):
Assumption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 25, 2020 https://payrollheaven.com/define/assumption/.
Chicago Manual of Style (CMS):
Assumption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/assumption/ (accessed: November 25, 2020).
American Psychological Association (APA):
Assumption. PayrollHeaven.com. Retrieved November 25, 2020, 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.