Dictionary

cession en · NOUN

Pronunciation

• (Southern-England) audio
• /ˈsɛʃən/ (UK)

Etymology

From Middle French cession, from Latin cessionem, from past participle of cēdere (“to yield”). By surface analysis, cede + -sion.

Meanings

1. (countable, uncountable) That which is ceded.
2. (countable, uncountable) That which is ceded. ▸ 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.
3. (countable, uncountable) The giving up of rights, property etc. which one is entitled to.
   • […] Rashleigh, whose occasions frequently call him elsewhere, has generously made a cession of his rights in my favour; so that I now endeavour to prosecute alone the studies in which he used formerly to be my guide. 1817 December 31 (indicated as 1818), [Walter Scott], chapter X, in Rob Roy. […], volume I, Edinburgh: […] James Ballantyne and Co. for Archibald Constable and Co. […]; London: Longman, Hurst, Rees, Orme, and Brown, →OCLC, page 228:

Forms

Relateds

recession · secession · concession · cessation · procession · excession · precession · succession

Translations (4)

pl cesja (giving up of rights, property or territory) · nb avståelse (giving up of rights, property or territory) · fi luovutus (giving up of rights, property or territory) · bg цесия (giving up of rights, property or territory)