Cession

//ˈsɛʃən//

"Cession" in a Sentence (2 examples)

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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