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

To take responsibility for something, typically a cost or expense. When you signed the contract, you assumed liability for fees like this.
See also: assume

low profile

1. noun A state of being inconspicuous or avoiding attention. Used especially in the phrase "keep a low profile." A: "I haven't seen you in awhile—how are you?" B: "Oh, I'm fine, just keeping a low profile so I can finish my research by the deadline." It's hard for celebrities to keep a low profile when they go out in public. We'll have to keep a low profile while the police presence in the city remains heightened.
2. adjective Inconspicuous; modest and restrained in scope or style. Hyphenated if used as a modifier before a noun. My fiancée is something of a celebrity, so we're trying to have a low-profile wedding and avoid having the media bothering us on the day. You'll want to keep cash purchases like that fairly low profile if you don't want the feds investigating your finances.
See also: low, profile

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 ?
The value estimate is 60% of the $14,383.43 amount calculated without considering the effect of a junior mortgage, and is much more in line with the values of assumable financing uncovered in empirical studies.
TABLE 1 Value of Assumable Financing Value of Assumable Financing $8,689.09 Original Loan Information Original amount: $70,000.00 Original term: 30 Original interest rate: 7.00% Monthly payment: ($465.71) Original loan age (months): 66 Balance on original loan: $65,396.89 Second Mortgage Requirement Sales price: $115,000.00 Loan-to-value ratio: 0.80 Amount financed: $92,000.00 Assumed mortgage: $65,396.89 Second mortgage amount: $26,603.11 Term: 20 Rate spread: 3.00% Interest rate: 13.00% Monthly payment: ($311.68) Conventional Loan Information Loan amount: $92,000.00 Term: 30 Interest rate: 10.00% Monthly payment: $807.37 Payment Savings Months 1-240: $29.98 Months 241-294: $341.65 Months 295-360: $807.37 Months 1-240: $3,106.52 Months 241-294: $2,020.71 Months 295-360: $8,689.09
The lender charged a 1% fee for this assumable first mortgage.
The loan is non-recourse and is assumable by a qualified buyer with a 1% transfer fee at the time of the sale.
Another important HUD loan feature is that the loans are assumable, which can't be said for conventional loans.
All financing (including construction) is on a fixed-rate basis, requires no personal guarantees, is self-liquidating and is assumable without fee.
The loan does not require personal guarantees, is assumable without fee and can be prepaid after 5 years with a declining penalty and prepaid after the 10th year at par.