cession
cession · cessions
That which is cededThat which is ceded.
/ˈsɛʃən/
Meaning
3 senses(countable, uncountable)That which is ceded.
That which is ceded.
(countable, uncountable)A risk, or part of one, which is transferred from one actor to another.
The reinsurance company accepted a 25% cession from the direct insurer.
(countable, uncountable)The giving up of rights, property etc. which one is entitled to.
More definitions
- the act of ceding
Translations
1 languagesOrigin
From Middle French cession, from Latin cessionem, from past participle of cēdere (“to yielFrom Middle French cession, from Latin cessionem, from past participle of cēdere (“to yield”). By surface analysis, cede + -sion.
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Forms
plural: cessionsSynonyms
1 synonymsClose in meaning
- the act of ceding:ceding
Word family
9 related wordsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable