Capable of being assumed, accepted, or taken on; something that can reasonably be supposed or believed.
From 'assume' plus the suffix '-able' (capable of being). 'Assume' comes from Latin 'assumere' (ad- + sumere, to take), meaning to take on or suppose. The '-able' suffix made it an adjective in English around the 16th century.
In real estate and finance, 'assumable mortgage' became a game-changer: it meant buyers could take over existing mortgages at better rates than current market rates offered, which is why people hunted for assumable loans during high-interest periods—the word represents a tiny legal loophole that saved families thousands!
Complete word intelligence in one call. Free tier — 50 lookups/day.