What it means

1. verb take over ownership of
2. verb free someone temporarily from his or her obligations
3. verb take up, as of debts or payments
   “absorb the costs for something”
4. verb take on as one's own the expenses or debts of another person
   “I'll accept the charges”
5. verb do over
   “They would like to take it over again”
6. verb take up and practice as one's own
7. verb seize and take control without authority and possibly with force
   “He assumed to himself the right to fill all positions in the town”
8. verb take on titles, offices, duties, responsibilities
   “When will the new President assume office?”