What did hamilton mean by “assume debts” and “pay debts at face value”?

Question by simplicity: What did hamilton mean by “assume debts” and “pay debts at face value”?
i dont get those terms at all please explain and in easy terms pleasee

Best answer:

Answer by Common Sense
Assume debts=take over someone else’s debtPay debts at face value-pay 100% of the debt.

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