n.
Pronunciation: ə - ' s ə m(p)-s ə t
Function: noun
Etymology: New Latin, he undertook, from Latin assumere to undertake
Date: 1590
1 : an express or implied promise or contract not under seal on which an action may be brought
2 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