Sentence examples for assuming the assets from inspiring English sources

The phrase "assuming the assets" is correct and usable in written English.
It can be used in contexts related to finance, accounting, or legal discussions where one party is taking responsibility for or accepting ownership of certain assets.
Example: "The company is assuming the assets of the bankrupt firm as part of the acquisition deal."
Alternatives: "taking on the assets" or "accepting the assets".

Exact(9)

Another Arkansas bank, Centennial Bank of Conway, Ark., is assuming the assets and deposits of Key West.

The Bank of the Ozarks, based in Little Rock, Ark., is assuming the assets and deposits of Unity National.

New York Community Bank, based in Westbury, N.Y., is assuming the assets and deposits of the Desert Hills Bank.

Assuming the assets increase in value after that, the income tax cost of converting will turn out to be a bargain.

Assuming the assets pass outright or through another special kind of trust, no tax will be assessed when you die, because assets inherited from a spouse are entitled to an unlimited marital deduction.

The City National Bank of Los Angeles is assuming all the assets and deposits of Sun West Bank, and Tri Counties Bank, based in Chico, Calif., is assuming the assets and deposits of Granite Community Bank.

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Similar(51)

Columbia State Bank of Tacoma, Wash., agreed to assume the assets and deposits of the failed bank.

EverBank, based in Jacksonville, Fla., agreed to assume the assets and deposits of the failed banks.

First State Bank, based in Mendota, Ill., agreed to assume the assets and deposits of the failed bank.

Community Development Bank, based in Ogema, Minn., agreed to assume the assets and deposits of the failed bank.

Umpqua Bank, of Roseburg, Ore., agreed to assume the assets and deposits.

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