Cession

Pronunciation

• UK IPA: /ˈsɛʃən/
• Homophones: session

Origin

From Middle French cession, from Latin cessionem, from past participle of cēdere ("to yield").

Full definition of cession

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.
2. The giving up of rights, property etc. which one is entitled to.
• 1817, Walter Scott, Rob Roy, X:‘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.’

Anagrams

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