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assumpsit

as·sump·sit [ ə súmpsit ] (plural as·sump·sits)


noun 
Definition:
 
1. contract off record: an oral or written agreement, contract, or promise that exists without being on the record or under seal

2. legal action: an attempt to recover damages from a breached assumpsit

[Late 16th century. < Latin, "he or she has undertaken"]
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