Even so, in February the federal government agreed to assume payment of basic pensions to the old and infirm, saving municipalities €12 billion by 2015.Three states have set up funds to lower debt repayments in exchange for spending reforms.
Iraq government will assume payment of 54,000 Sons as of October 1, but opposes integrating more than about 20% into the ISF".
Finally, FHA loans are "assumable" - if you sell your home, the buyer can assume payments on your loan.
Malaysia will also assume payments on two 2012 bonds.
Under the Section 8 homeownership program, the same family could now assume payments on $120,000 in mortgages.
On July 1, rates on new federally-backed student loans will double to 6.8percentt, unless Congress acts to prevent the increase.. Gunawardana may soon be forced to assume payments on a separate student loan her mother co-signed, which have been deferred until now.
This is a good choice if you want to sell a car that's not fully paid-off to a friend, having him or her assume payments.
Some countries, such as Austria, Belgium, Germany, and the United Kingdom, place responsibility for paying a benefit on the employer for the early weeks of sickness (though he may be reimbursed), after which the social security fund assumes payment.
For this reason, most mortgages have a "due on sale" clause that prevents people from buying a house without the lender's knowledge and assuming payments from another person.
"So they issued these bonds with the date of redemption so far in the future because they figured that once the City of New York annexed their town, then the City of New York would assume the payment of the bonds — which is exactly what happened".
Since normal bonds have a fixed lifespan, investors can assume interest payments will continue until maturity and appropriately value those payments.
