See Also: Assumption(medicine)
Assumption(money)
assumption(dictionary)
Assumption, The(dictionary)
ASSUMPTION(finance)
assumption(dictionary)
Assumption Of Risk(law)
Zero prepayment assumption(finance)
Assumption Of The Risk.(law)
ASSUMPTION BEAUMONT(finance)

ignoramus (iou) and ASSUMPTION (finance)


ignoramus (iou)



ignoramus noun. L16.
[Latin = we do not know, (in legal use) we take no notice of (it). In sense 2 perh. from Ignoramus, a comedy by George Ruggle (1615) satirizing lawyers.]
The endorsement formerly made by a grand jury on an indictment which they rejected as not being backed by sufficient evidence to bring before a petty jury. Chiefly in find an ignoramus, return an ignoramus, bring in an ignoramus. obsolete exc. Hist. L16.
An ignorant person. E17.
F. McCourt We are the laziest gang of ignoramuses it has ever been his misfortune to teach.

ASSUMPTION (finance)


Rate of interest used by an insurance company to calculate the payout on an annuity contract.