assumpsit

noun as·sump·sit \ə-ˈsəm(p)-sət\

Definition of ASSUMPSIT

: an express or implied promise or contract not under seal on which an action may be brought

a : a former common-law action brought to recover damages alleged from the breach of an assumpsit

b : an action to recover damages for breach of a contract

New Latin, he undertook, from Latin assumere to undertake

First Known Use: 1590

Next Word in the Dictionary: assumptPrevious Word in the Dictionary: assumingAll Words Near: assumpsit

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