1. capable of being assumed, taken on, or adopted
2. capable of being supposed or taken for granted
3. capable of being transferred to another party
Usage: finance; legal

Examples

• The mortgage was assumable by the new buyer.
• Her responsibilities were assumable by any qualified manager.
• The loan terms made it assumable under certain conditions.
• It’s assumable that prices will rise with inflation.
• The contract contained assumable obligations.
• The debt was assumable with lender approval.