assumable

/AH0 S UW1 M AH0 B AH0 L/
adjective
  1. 1

    Capable of being assumed, or taken to be true.

  2. 2

    Capable of being assumed, or taken on.

  3. 3

    Of a mortgage: such that a subsequent homebuyer can take on the existing balance, interest rate, and other terms.