Definitions
from The Century Dictionary.
- Capable of being assumed or taken for granted.
from the GNU version of the Collaborative International Dictionary of English.
- adjective That may be assumed.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Of or pertaining to
assumption .
Etymologies
Sorry, no etymologies found.
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Examples
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What is the probability that you will find an inexpensive home that you can buy for sixty cents on the dollar with nothing down that has a low-interest-rate, long-term assumable loan?
Nothing Down for the 2000s Robert G. Allen 2004
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The deal also included $11 million in long-term assumable financing, clearing another hurdle during the ongoing credit crisis.
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When interest rates rise, these homeowners will get blown out of their homes, and when that happens, their low fixed rate mortgage will disappear (remember, fixed rate loans are not assumable!) and lenders will be happy to lend it out again at a much higher rate.
Housing Bubble, Again, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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There is a little loophole you can use financially to overcome some of these restrictions, and that is to refinance with an assumable loan.
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You can get a private placement of an assumable loan.
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Now, back in the day, 20 years ago, assumable loans were quite common.
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You can get a private placement of an assumable loan.
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There is a little loophole you can use financially to overcome some of these restrictions, and that is to refinance with an assumable loan.
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There is a little loophole you can use financially to overcome some of these restrictions, and that is to refinance with an assumable loan.
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Now, back in the day, 20 years ago, assumable loans were quite common.
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