Small country assumption


 

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Small country assumption

The assumption in an economic model that a country is too small to affect world prices, incomes, or interest rates.



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Assumption clause

Assumption clause

A 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.


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Assumption

Assumption

Becoming responsible for the liabilities of another party.


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