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Assumptions

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In business, the most likely usage of the term assumption is related to the act of assuming or undertaking another's debts and obligations when acquiring a business or, perhaps, a business unit. For example, if one business acquires an on-going operation of another business, the acquisition would also include the "assumption" of the obligations of the operation, including customer orders or contracts related to the production of products already being manufacturered.

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This term or phrase is currently an entry in The SmallBusiness.com Business Glossary WIKI. Please help expand this entry into a more detailed description.