Main Entry:

as·sump·sit

Pronunciation:

\ə-ˈsəm(p)-sət\

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 brought2 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