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Terms vs Assumpsit - What's the difference?

terms | assumpsit |

As nouns the difference between terms and assumpsit

is that terms is while assumpsit is (legal) a promise or undertaking, either express or implied, founded on a consideration.

terms

English

Noun

(head)
  • Statistics

    * ----

    assumpsit

    English

    Noun

    (en noun)
  • (legal) A promise or undertaking, either express or implied, founded on a consideration.
  • (legal) An action to recover damages for breach or nonperformance of such a promise.
  • (Wharton)
    (Webster 1913) ----