assumable
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Assumable — As*sum a*ble, a. That may be assumed. [1913 Webster] … The Collaborative International Dictionary of English
assumable — index constructive (inferential), ostensible Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
assumable — 1784, from ASSUME (Cf. assume) + ABLE (Cf. able). Related: Assumably; assumability … Etymology dictionary
assumable — assumability, n. assumably, adv. /euh sooh meuh beuhl/, adj. capable of being assumed, as an office or an obligation: Assumable mortgages are hard to find these days. [1775 85; ASSUME + ABLE] * * * … Universalium
assumable — As applied to mortgage loans, assumable means that a borrower who sells his or her home may transfer the outstanding mortgage loan secured by that dwelling to the new buyers. The new buyers are said to assume the loan. American Banker Glossary … Financial and business terms
assumable mortgage — A home mortgage that allows the buyer to take over the seller s mortgage; that is, to step into the seller s shoes, make mortgage payments, and comply with other terms of the existing loan. Most lenders require the borrower to qualify for the… … Law dictionary
Assumable Mortgage — A type of financing arrangement in which the outstanding mortgage and its terms can be transferred from the current owner to a buyer. By assuming the previous owner s remaining debt, the buyer can avoid having to obtain his or her own mortgage.… … Investment dictionary
assumable — adjective see assume … New Collegiate Dictionary
assumable — adj. surmisable, can be assumed … English contemporary dictionary
assumable — as·sum·a·ble … English syllables
