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   

Easy mark Excise Duties Deep pockets Banana Problem
Cultivated assets Ultra vires Mission statement Accountancy
OATH UK Intellectual Property Office Sciens Gazundering
Peel the onion QUANGO Corner a market Zero Growth
Primary legislation Abscond Easement Zero rated
N215 Civil Court form Kangaroos Drawings IOU
Independent contractor HMAC Adultery - Legal Gourde
Assets KMC War Chest Shareholder agreement
Capital Gains Amped Promotion JIT
Overwrite Procedure Self Assessment List Price Forex

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.