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term:
Assume
assume vt
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]
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.