verb
- past tense and past participle of coassume; to assume or take on jointly with another person or party
Usage: formal; legal/financial contexts; often used in contracts and agreements
Examples
- Both partners coassumed responsibility for the project's success.
- The two companies coassumed the debt under the new agreement.
- They coassumed the mortgage when they purchased the house together.
- The defendants coassumed liability for the damages.
- Under the contract, both parties coassumed the operational risks.