Cession

//ˈsɛʃən// noun

noun ·Moderate ·College level

Definitions

Noun
  1. 1
    That which is ceded. countable, uncountable
  2. 2
    the act of ceding wordnet
  3. 3
    That which is ceded.; A risk, or part of one, which is transferred from one actor to another. countable, uncountable

    "The reinsurance company accepted a 25% cession from the direct insurer."

  4. 4
    The giving up of rights, property etc. which one is entitled to. countable, uncountable

    "[…] 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."

Example

More examples

"The reinsurance company accepted a 25% cession from the direct insurer."

Etymology

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

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.