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Assumption clause |
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Assumption clauseA clause stating that the seller has passed to the buyer full responsibility for the mortgage on the property. Often, an assumption fee must be paid to the mortgage lender.Assumption clause Similar MatchesZero prepayment assumptionZero prepayment assumptionThe assumption of payment of scheduled principal and interest with no payments. Assumption of NoteAssumption of NoteAgreement by a buyer to assume the liability under an existing note secured by a mortgage or deed of trust. The lender usually must approve the new debtor in order to release the existing debtor (usually the seller) from liability. Homogeneous expectations assumptionHomogeneous expectations assumptionAn assumption of Markowitz portfolio construction that investors have the same expectations with respect to the inputs that are used to derive efficient portfolios: asset returns, variances, and covariances. AssumptionAssumptionBecoming responsible for the liabilities of another party. Small country assumptionSmall country assumptionThe assumption in an economic model that a country is too small to affect world prices, incomes, or interest rates. Further SuggestionsArmington assumptionPerfect market assumptions Economic assumptions Assumption |
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