the act of giving up something, usually land, by agreement in a formal treaty

The portion of insurance transferred to a reinsurer by the ceding company. Cession of reinsurance by reinsurers is called "retrocession."

late 14c., "a relinquishing," from Old French cession "cession; death" (13c.), from Latin cessionem (nominative cessio) "a giving up, surrendering," noun of action from p [..]

n. Surrender, as of possessions or rights.

Definition noun

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 ...

Cession is the act of surrendering or relinquishing one’s right or title to real property. In international law, cession refers to the surrendering or transferring of land from one sovereign to anothe [..]

(n) the act of ceding

Amount of the insurance ceded to a reinsurer by the original insuring company in a reinsurance operation.

The transfer of rights in a benefit (collatarel cession) or to a benefit (absolute cession).

The component of insurance which is passed to a re-insurer by a primary insurer who has insured the original risks. A cession may be the entire amount or a portion of single risks, a specifically defined group of policies, or classes of business, as outlined in the reinsurance contract.

The unit of insurance transferred to a reinsurer by a ceding company. It also refers to the process of ceding insurance to a reinsurer.

The unit of insurance passed on to the reinsurer by the primary or ceding company. Frequently, under certain types of reinsurance treaties, each transaction is given a number called a cession number.

That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another. ''The reinsurance company accepted a 25% cession from the direct insurer.'' The giving up of righ [..]

See SURRENDER.

The act of cession is the assignment of property to another entity. In international law it commonly refers to land transferred by treaty. Ballentine's Law Dictionary defines cession as "a surrender; [..]

The act of passing risk to another. The act of ceding. See Ceding Company.

The amount of insurance ceded to a reinsurer.