Business and Personal Finance Dictionary

# 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 

• ASSUMABLE LOAN - These loans may be passed on from a seller of a home to the buyer. The buyer "assumes"...
  
  
• ASSUMABLE MORTGAGE - A mortgage contract that allows, or does not prohibit, a creditworthy buyer from a...
  
  
• ASSUMED INTEREST RATE - Rate of interest used by an insurance company to calculate the payout on an ann...
  
  
• ASSUMED NAME - Name used by a proprietorship, partnership, or corporation to conduct business that is d...
  
  
• ASSUMPTION - The agreement between buyer and seller where the buyer takes over the payments on an exist...
  
  
• ASSUMPTION "SUBJECT TO" - When a loan is taken "subject to," the seller agrees to remain liable and the...
  
  
• ASSUMPTION AGREEMENT - The agreement between buyer and seller where the buyer takes over the payments o...
  
  
• ASSUMPTION CLAUSE - A provision in an assumable mortgage that allows a buyer to assume responsibility f...
  
  
• ASSUMPTION FEE - A charge levied by the lender (usually against the party assuming the mortgage) for th...
  
  
• ASSUMPTION OF A MORTGAGE - Assumption by a purchaser of the primary liability for a payment of an exist...