Cession Definition
sĕshən
cessions
noun
cessions
A ceding or giving up (of rights, property, territory, etc.) to another.
Webster's New World
Something, such as territory, that is ceded.
American Heritage
The act of surrendering or transferring title to real property.
Something that is surrendered or transferred, especially real property.
Webster's New World Law
That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.
The reinsurance company accepted a 25% cession from the direct insurer.
Wiktionary
Synonyms:
Other Word Forms of Cession
Noun
Singular:
cession
Plural:
cessionsOrigin of Cession
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Middle English from Old French from Latin cessiō cessiōn- from cessus past participle of cēdere to yield ked- in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition
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From Middle French cession, from Latin cessionem, from past participle of cēdere (“to yield”).
From Wiktionary
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