cession

Definition

That which is ceded.

Etymology

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

Example Sentences

• "The reinsurance company accepted a 25% cession from the direct insurer."
• "[…] 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."

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