Sentence examples similar to assumption of payment from inspiring English sources

The phrase "assumption of payment" is correct and usable in written English.
It can be used in contexts related to finance, contracts, or agreements where one party takes on the responsibility to make a payment on behalf of another.
Example: "The assumption of payment by the guarantor ensures that the loan will be repaid even if the borrower defaults."
Alternatives: "payment obligation" or "responsibility for payment".

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Lucent Technologies Inc. said today that it would pay its former chairman, who was dismissed last fall, a severance package that includes a $5.5 million one-time payment and assumption of bank loans.

An effort to get $50 million in savings from new antifraud measures did not come to fruition because there were no real measures put in place to ferret out the fraud, and the assumption of $100 million received in upfront payments from private prison companies to operate nine of the state's 10 prisons will almost certainly not come together this fiscal year, lawmakers there say.

There is a growing assumption that payments for environmental services including carbon sequestration and greenhouse gas emission reduction provide an opportunity for poverty reduction and the enhancement of sustainable development within integrated natural resource management approaches.

Also, our initial assumptions have been mostly confirmed: except for 'long term cost containment' and 'gaming', unintended consequences (negative outcomes) of payment reform have a stronger impact on respondents' choices than intended consequences (positive outcomes).

Xstrata proposes a cash payment of $2.1 billion and assumption of about $890 million debt.

New kinds of payment plans?

Third screen: Choose method of payment.

The form of payment varies, too.

Others are testing new types of payment.

"We offer a menu of payment options.

Some planners combine these forms of payment.

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