Business Terms and Jargon Explained

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.

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Chambers Alibi Scalable
Zar Information Assets Assumption
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Contingency Overgeared Tenancy agreement
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Term created / updated 2006-10-31 00:32:09

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