Business terms and jargon explained. Your business dictionary

What is Assumption

This is where a property is purchased with its mortgage. The buyer of the property makes the payments of the original mortgage that the seller had. Unless specified the original borrower will still remain liable.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Independent Review Service Zip Code Easy mark CEO
Royal Mint Payer Principal Place of Business Proprietor
Assurance Declaration of incompatibility BOGOFF N349 Civil Court form
Accumulation Money Transfer Abroad Gaap Subsidiary
Cash Flow Forecast SME Objects clause JP
Appreciation Parental leave policy KBPS HMSO
FIO Standard terms and conditions N121 Civil Court form Supply VAT
Ex gratia Franked income Restraint of trade In extenso
Management buyout Manufacturing cell Contra Domicile
Email client Security for Loans Sale and Leaseback Alibi

Term created / updated 2006-10-31 00:32:09

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.