assume

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assume the mantle

To take, inherit, or receive the responsibilities and duties associated with a certain position or job, especially one regarded as important or powerful. The king led the country for over 60 years; now, his daughter will assume the mantle of the throne.
See also: assume

assume the position

1. To take over the role and responsibilities of a particular job. My boss wants me to assume the position of treasurer this year, but I don't know if I want the extra workload.
2. A command issued by US law enforcement officers, meaning to stand with one's back to the officer and hold one's arms in a position to be either handcuffed or frisked. Primarily heard in US, South Africa. I knew I was in trouble when they asked me out of the car, but I knew I was going to jail when they told me to assume the position.
See also: assume, position

assume liability for something

to accept the responsibility for paying a cost. Mr. Smith assumed liability for his son's student loans. The store assumed liability for the injured customer's hospital bills.
See also: assume

*low profile

Fig. a persona or character that does not draw attention. (*Typically: assume ~; have ~; keep ~; give oneself ~.) I try to be quiet and keep a low profile. It's hard because I just love attention.
See also: low, profile
References in periodicals archive ?
For example, if a stock splits in June 1997, the weighted average number of shares is computed assuming the split occurred at the beginning of 1997.
Kathi Metro assuming her new role is key to our continued success in the highly competitive Napa market," Robinson stated.
To avoid assuming risk blindly, increase your organization's awareness of the "red flag" language.
At the end of year one, the company reduces gross deferred tax assets to $102,000 and its valuation allowance to $17,000, assuming no other negative evidence.
the newly constituted partnership will not be treated as incurring or assuming partnership liabilities on the termination date.
In addition, two consensuses are summarized: (1) accounting for multiyear retrospectively rated contracts (RRCs) by ceding and assuming enterprises and (20 sales and leasebacks of assets leased to other parties.
I assume anything people moving to the country can do to better understand what they are assuming will help them.
The dissenter must be honored with a platform from which to speak freely, assuming she is not merely being obstreperous.
Even if the buyer is not assuming any of these liabilities, to the extent that they might taint the practice, the buyer can and will use these problems to negotiate a price reduction or, in the extreme situation, withdraw from the transaction.
For example, rather than assuming that all the options are exercised if the stock price reaches a selected multiple of the exercise price, a lattice model also can permit the assumption that only a certain percentage of outstanding options are exercised.
To accomplish this goal, law enforcement agencies must establish credibility within the community by assuming responsibility for the sensitive and thorough investigation of all sexual assault complaints and providing leadership concerning this area of criminal forensics.
Assuming Revenue Canada agrees, we urge it to issue public guidance on the degree and scope of administrative tolerance.
In any acquisition, Reed notes, one either has to assume the acquiring company would have some sort of change of control provision, which means it has to come up with cash to pay the debt as part of the acquisition, or it has to come up with an alternative financing source without actually assuming the specific debt instrument.
We've been awfully provincial in assuming that our findings in social psychology reflect human nature," she argues.
If the 99-percent confidence interval isn't critical, then you can explore the investment decision further without concern for undue financial impact, assuming your risk management strategy has established structures to deal with aberrations, such as multi-year risk-financing arrangements (see box on page 46 for a guide to the accounting treatment).