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   

Deficit Adultery - Legal N265 Civil Court form SERP
Resource Allocation Line Manager Cessate Grant Autoregressive
Subsidiary Subtenant National debt NIDAC
Overseas company Aggravating Bonds Credit-Worthiness
Hardening - Systems Net worth PLC Lek
Exchange Rate Raw Materials N16A Civil Court form Maturity
Bereaved minor Open court Authentication FAQ
Specific Legacy Chattel Equity Line Bonded Warehouse
JVCC CAFCASS Installment Organic growth
Offshore Investments Retail Prices Index - RPI - RPIX Web hosting agreement Giffen goods

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.