assumption clause

assumption clause.

1. A mortgage provision that prohibits another from assuming the mortgage without the permission of the mortgagee. [Cases: Mortgages 272. C.J.S. Mortgages §§ 382–383.]

2. A provision by which the transferee of an instrument agrees to assume an obligation of the transferor.


专业法律词汇 词条贡献者
资深译员Gilbert,国际知名法学院法律翻译专业,擅长翻译各类与复杂知识产权诉讼相关的法律文件。
Scroll to Top