cession

cession
cession ces‧sion [ˈseʆn] noun [countable, uncountable]
LAW when a person, company, or country officially gives property, land, or rights to someone else:

• Russia was vehemently opposed to cession of the Liaodong Peninsula.

— see also cede

* * *

cession UK US /ˈseʃən/ noun [C or U]
► LAW an occasion when one person or country officially gives land or property to another, or the act of officially giving land or property away
► INSURANCE the act of passing risk from an insurance company to its reinsurer (= a company that insures an insurance company to protect it against large demands from its customers): »

Reinsurance cessions reduce claims and claim expenses.


Financial and business terms. 2012.

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Synonyms:
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Look at other dictionaries:

  • cession — [ sesjɔ̃ ] n. f. • 1266; lat. cessio, de cedere → céder ♦ Dr. Action de céder (un droit, un bien) à titre onéreux, ou à titre gratuit. ⇒ transmission; donation, transfert, transport, vente. Acte de cession. Cession de qqch. à qqn (par qqn).… …   Encyclopédie Universelle

  • cession — ces·sion / se shən/ n 1: an act of ceding: a yielding (as of property) to another: as a in the civil law of Louisiana: assignment or transfer of property rights by a debtor to a creditor b: transfer of liability by an insurer to a reinsurer c:… …   Law dictionary

  • cession — CESSION. s. f. Transport, démission. Faire cession de son droit. [b]f♛/b] On dit, Faire cession de biens, ou simplement, Faire cession, pour dire, Abandonner ses biens à ses créanciers en vertu des Lettres du Prince, pour avoir la liberté de sa… …   Dictionnaire de l'Académie Française 1798

  • Cession — Ces sion, n. [L. cessio, fr. cedere to give way: cf. F. Cession. See {Cede}.] 1. A yielding to physical force. [Obs.] Bacon. [1913 Webster] 2. Concession; compliance. [Obs.] [1913 Webster] 3. A yielding, or surrender, as of property or rights, to …   The Collaborative International Dictionary of English

  • cession — late 14c., from O.Fr. cession cession; death (13c.), from L. cessionem (nom. cessio) a giving up, surrendering, noun of action from pp. stem of cedere to go away, yield (see CEDE (Cf. cede)) …   Etymology dictionary

  • cession — Cession. s. f. verbal, Transport, demission. Faire cession de son droit. Faire cession, signifie, Abandonner en vertu des Lettres du Prince ses biens à ses Creanciers, faute de les pouvoir payer, pour avoir la liberté de sa personne …   Dictionnaire de l'Académie française

  • cession — Cession, Cessio. Faire cession, Bonis cedere, Perfugere ad aram cessionis …   Thresor de la langue françoyse

  • Cession — (v. lat., Rechtsw.), ein Rechtsact, wodurch das, einem Gläubiger gegen seinen Schuldner zustehende Forderungsrecht einem Dritten zur Geltendmachung für sein Interesse abgetreten wird. Der Gesichtspunkt, von welchem das gemeine Recht dabei ausgeht …   Pierer's Universal-Lexikon

  • Cession — (lat.), s. Zession …   Meyers Großes Konversations-Lexikon

  • cession — ► NOUN ▪ the formal giving up of rights, property, or territory by a state. ORIGIN Latin, from cedere cede …   English terms dictionary

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