The term IT MAY BE ASSUMED can be broken down into five crossword solutions: DEBT (4 letters), NAME (4 letters), ALIAS (5 letters), FAKENAME (8 letters), and THEPOSITION (11 letters). DEBT is an amount of money owed by one party to another, usually referring to a loan or other financial obligation. A NAME is a word or set of words by which a person, animal, place, or thing is known, addressed, or referred to. An ALIAS is an assumed NAME, especially one used by a criminal. A FAKENAME is a false or assumed NAME, often used to conceal one's identity. Finally, THEPOSITION is a job or role that someone holds in a particular organization or society.