Assume - Law Dictionary Search Results
Home Dictionary Name: assumeassumable mortgage
assumable mortgage when a home is sold, the seller may be able to transfer the mortgage to the new buyer. This means the mortgage is assumable. Lenders generally require a credit review of the new borrower and may charge a fee for the assumption. Some mortgages contain a due-on-sale clause, which means that the mortgage may not be transferable to a new buyer. Instead, the lender may make you pay the entire balance that is due when you sell the home. An assumable mortgage can help you attract buyers if you sell your home. Source: U.S. Department of Housing and Urban Development ...
assume
assume as·sumed as·sum·ing 1 : to voluntarily take upon oneself [ a risk] 2 : to take over (the debts or obligations of another) as one's own [ a mortgage] ...
certificate of assumed name, trade name, or fictitious name
certificate of assumed name, trade name, or fictitious name A certificate granted by a state authority (usually the secretary of state) that allows you to transact business under a name other than your own ...
Self assumed
Assumed by ones own act or without authority...
Incognito
Without being known in disguise in an assumed character or under an assumed title said esp of great personages who sometimes adopt a disguise or an assumed character in order to avoid notice...
Jurisdictional fact
Jurisdictional fact, is a fact which must exist before a court, tribunal or an Authority assumes jurisdiction over a particular matter. Jurisdictional fact is one on existence or non-existence of which depends jurisdiction of a court, a tribunal or authority. It is a fact upon which an administrative agency's power to act depends, Arunkumar v. Union of India, (2006) 12 JT 121: (2006) 9 SCALE 320: (2006) 7 Supreme 607.Jurisdictional fact, is one on existence or non-existence of which depends assumption or refusal to assume jurisdiction by a Court, Tribunal or an authority. It can explain as a fact which must exist before a court can properly assume jurisdiction of a particular case, Shrisht Dhawan v. Shaw Brothers, AIR 1992 SC 1555 (1563): (1992) 1 SCC 534...
accept
accept 1 a : to receive with consent [ a gift] [ service] b : to assent to the receipt of and treat in such a way as to indicate ownership of [ed the shipment despite discovering defects in the merchandise] compare reject NOTE: Under section 2-606(1) of the Uniform Commercial Code, a buyer accepts goods if: 1) he or she indicates to the seller after a reasonable opportunity to inspect them that he or she will keep them; 2) he or she fails to effectively reject them; 3) he or she acts in a way that is inconsistent with seller's ownership of the goods. 2 : to make an affirmative or favorable response to ;specif : to indicate by words or action one's assent to (an offer) and willingness to enter into a contract NOTE: A contract is created when the offer is accepted. 3 : to assume orally, in writing, or by conduct an obligation to pay [ing a draft] 4 of a deliberative body : to receive (a report) officially (as from a committee) vi 1 : to receive favorably something offered usu...
Polyplastic
Assuming or having the power of assuming many forms as a polyplastic element which does not preserve its original shape...
Assumption clause
Assumption clause, means a mortgage provision that prohibits another from assuming the mortgage without the permission of the mortgagee. A provision by which the transferee of an instrument agrees to assume an obligation of the transferor, Black Law Dictionary 7th Edn., p. 121....
Emperor
Emperor [fr. empereur, Fr.; imperator, Lat.], a sovereign prince who bears rule over large kingdoms and territories; a monarch of title and dignity supposed to be superior to a king. 'The Emperor' was the title of the head of the Holy Roman Empire, the successor in the West of the Empire founded by Augustus, and this is the proper signification of the term. But in modern times the title 'Emperor' has been assumed by various monarchs. Thus Napoleon I. styled himself Emperor of the French, and the title was again taken by his nephew, Napoleon III. The sovereigns of Austria and Russia were also styled emperor; and in 1870 the King of Prussia assumed the title of German Emperor. The King is Emperor of India by virtue of the (English) Royal Titles Act, 1876 (39 & 40 Vict. c. 10)....
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