1. the quality or state of being capable of being assumed, taken on, or adopted
Usage: formal; often used in legal, financial, or technical contexts
2. in finance and real estate, the ability of a mortgage or loan to be transferred from one borrower to another
Usage: technical; finance/real estate

Examples

• The assumability of the mortgage made the property more attractive to potential buyers.
• The contract's assumability clause allowed the new owner to take over the existing loan.
• We questioned the assumability of such a large responsibility without additional resources.
• The assumability of the debt depended on the lender's approval.
• Financial advisors discussed the assumability of various investment strategies in different market conditions.