Complete Definition of "cession"

English

Etymology
L. cedere meaning to yield.

Noun
en-noun

  1. 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.

  1. The transfer of a personal claim from a cedent to a cessionary.

fr:cession
io:cession
it:cession
pl:cession
ru:cession
te:cession
vi:cession
zh:cession

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