Definition of CESSION

cession

Plural: cessions

Noun

  • The formal yielding or relinquishing of rights, territory, or property.
  • the act of ceding
  • That which is ceded.
  • That which is ceded.
  • A risk, or part of one, which is transferred from one actor to another.
  • The giving up of rights, property etc. which one is entitled to.

Examples

  • A strategic CESSION of a bonus square can sometimes lead to a bigger win later.
  • The reinsurance company accepted a 25% cession from the direct insurer.

Origin / Etymology

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

Synonyms

ceding

Scrabble Score: 9

cession: valid Scrabble (US) TWL Word
cession: valid Scrabble Word in Merriam-Webster MW Dictionary
cession: valid Scrabble Word in International Collins CSW Dictionary

Words With Friends Score: 11

cession: valid Words With Friends Word