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Assumption of Note |
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Assumption 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.Assumption of Note Similar MatchesAssumption clauseAssumption 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. Perfect market assumptionsPerfect market assumptionsConditions under which the law of one price holds. The assumptions include frictionless markets, rational investors, and equal access to market prices and information. AssumptionAssumptionBecoming responsible for the liabilities of another party. Armington assumptionArmington assumptionThe assumption that internationally traded products are differentiated by country of origin. Due to Armington (1969) in an international macroeconomic context, but now a standard assumption of international CGE models, used to generate smaller and more realistic responses of trade to price changes than implied by homogeneous products. Economic assumptionsEconomic assumptionsGeneral market environment a firm expects to operate in over the life of a financial plan. Further SuggestionsAssumptionHomogeneous expectations assumption Zero prepayment assumption Small country assumption |
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