People also ask
What is a simple meaning of assumption?
Definition of assumption 1 : a taking to or upon oneself the assumption of a new position. 2 : the act of laying claim to or taking possession of something the assumption of power. 3a : an assuming that something is true a mistaken assumption.
What is an assumption letter for a mortgage?
An assumption clause allows the seller of a home to pass responsibility for an existing mortgage to the buyer of the property. The new buyer must meet credit and other qualifications. Assumption clauses are attractive when the interest rate on the current mortgage is lower than the current rates.
What is an example of an assumption?
An assumption is something that you assume to be the case, even without proof. For example, people might make the assumption that youre a nerd if you wear glasses, even though thats not true.
What does making assumptions mean?
If you make an assumption that something is true or will happen, you accept that it is true or will happen, often without any real proof.
What is an assumption of duty?
If the appointee has taken his/her oath of office and assumed the duties of the position, he/she shall be entitled to receive his/her salary at once without awaiting the approval/validation of his/her appointment by the Commission. The appointment shall remain effective until disapproved/invalidated by the Commission.
assumption of duties letter