Definition of Assumability

1. [n -TIES]

Literary usage of Assumability

Below you will find example usage of this term as found in modern and/or classical literature:

1. Personal Finance by Robert S. Rosefsky (2002)
"The assumability of any mortgage depends on the credit- worthiness of the buyer. Furthermore, the lender may have reserved the right to alter the interest ..."

2. OECD Economics Glossary: English-French = Glossaire de L'économie de L'OCDE by Oecd, SourceOECD (Online service) (2006)
"... groupement (organisme) professionnel; syndicat patronal [OES] aSSUmability <US> possibilité de reprise d'un crédit hypothécaire [BAN] assumption l. ..."

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