cede cession definition

borrowed from French or Latin; French céder, borrowed from Latin cēdere "to go, move away, withdraw, yield," perhaps, if derived from an originally transitive meaning "drive away," akin to Sanskrit sedhati "(she/he) chases away," Avestan siiazdat "will chase away". Search cession and thousands of other words in English definition and synonym dictionary from Reverso. It is owing to the cession of the last of the turrets, built by prior Hugues IV. Chapter 14 cession - Summary The Law of Contract in South Africa A detailed summary of concessionary agreements, cessions in security, pledges and the lega... View more. To yield up; to assign; to grant; to surrender; to withdraw. How to Use cede vs. concede Correctly – Grammarist Grammarist is a professional online English grammar dictionary, that provides a variety of grammatical tools, rules and tips in order to improve your grammar and to : 35. cede something (to somebody) to give somebody control of something or give them power, a right, etc., especially unwillingly Cuba was ceded by Spain to the US in 1898. see also cession Topics History c2 An insurance risk can be transferred to the reinsurer using two methods: proportional and non-proportional reinsurance. What made you want to look up cede? What does cede mean? noun. To yield up; to assign; to grant; to surrender; to withdraw. As verbs the difference between secede and cede is that secede is to split from or to withdraw from membership of a political union, an alliance or an organisation while cede is to give up, give way, give away. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition Master these essential literary terms and you’ll be talking like your English teacher in no time. Cessions have been severally made of a part of their territory by New York, Virginia, Massachusetts, Connecticut, South Carolina, North Carolina, and Georgia. Cession (generally) A cession is a legal act of transfer. ceded synonyms, ceded pronunciation, ceded translation, English dictionary definition of ceded. Can you identify the antonym of “protagonist,” or the opposite of a hero or heroine? see cede.] Spain made a cession of East and West Florida by the treaty of February 22, 1819. cession: 1 n the act of ceding Synonyms: ceding Types: ceding back , recession the act of ceding back Type of: relinquishing , relinquishment the act of giving up and abandoning a struggle or task etc. [1] In contrast with annexation, where property is forcibly given up, cession is voluntary or at least apparently so. In exchange for this, the chiefs received guarantees that they could continue to exercise control over their individual villages. Description. Cession definition is - a yielding to another : concession. One test of Trump's continuing political strength comes early: Two Jan. 5 runoffs in Georgia that will decide whether Republicans keep control of the U.S. Senate or, The hitch: Although donors can make those recommendations and funds usually heed that advice, donors must, Jesse Jackson wants to take to the streets—recognizing that activism puts pressure on courts and public opinion—but Gore waves him off, fearing violence, and the Democrats, When Trump was elected in 2016, analysts speculated that the US’s absence from the Paris pact would, And perhaps the greatest challenge will be if they are asked to. 1 ranking to a rival. 0. The meaning (and spelling) of the word cession , began with the Latin word meaning "a giving up" and retained that meaning throughout the word's evolution, passing through Old French and Middle English pretty much untouched. Description: Insurance firms are vulnerable to unforeseen losses due to excessive exposure to high risk entities. f. cession. So, for example, Spain ceded Puerto Rico to the U.S. in 1898, following the Spanish-American War, and the U.S. ceded control of the Panama Canal to Panama in 1999. Cession definition: the act of ceding , esp of ceding rights , property , or territory | Meaning, pronunciation, translations and examples Synonyms: cede; deliver; give up; surrender. Critics warn that we are ceding leadership in alternative-energy technology to China. "Cession", "transport", "vente" sont des mots pour désigner l'opération juridique par lequel la propriété d'un bien ou d'un ensemble de biens ou d'un droit, passe du patrimoine du cédant à celui du cessionnaire (bénéficiaire de la cession). However, the word may also be … How to Use cede vs. concede Correctly – Grammarist Grammarist is a professional online English grammar dictionary, that provides a variety of grammatical tools, rules and tips in order to improve your grammar and to : 35. Define cede. Test Your Knowledge - and learn some interesting things along the way. Accessed 26 Dec. 2020. (eccl. [obs.] Special Acceptance: The extension of coverage for a peril that is not generally covered in a reinsurance treaty. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'cede.' Learn more. Cede. 'All Intensive Purposes' or 'All Intents and Purposes'? Learn the definition of cede vs. concede & other commonly used words, phrases, & idioms in the English language. 3. a yielding, or surrender, as of property or rights, to another person; the act of ceding. Cede means "to yield or grant typically by treaty." to give control or possession of something, esp. Course. An insurance risk can be transferred to the reinsurer using two methods: proportional and non-proportional reinsurance. Cessions have been severally made of a part of their territory by New York, Virginia, Massachusetts, Connecticut, South Carolina, North Carolina, and Georgia. Meaning of ceding. What Are Other Ways To Wish Someone A Merry Christmas? 3. to another. West's Encyclopedia of American Law, edition 2. What are the legal consequences? Cession (Insurance) Definition. … Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012, the act of ceding, esp of ceding rights, property, or territory, something that is ceded, esp land or territory, International Law. A protagonist is the main character of a story, or the lead. Cession, or to cede, is the assignment of property to another entity. ‘It was the first in a long series of treaties that ceded tribal land to the United States; with each cession, the tribe was guaranteed unending ownership of their remaining land.’ ‘The Agenais was an important wine-growing area and its cession further strengthened the rapidly developing commercial links between Bordeaux and London.’ Cession is a valuable business tool because it allows businesses to cede assets that can be ceded by transferring them − completely or not − when there is no cash available to secure a transaction or assure performance. Dale Hutchinson and Others. Information and translations of ceding in the most comprehensive dictionary definitions resource on the web. A state may acquire sovereignty over territory if that sovereignty is ceded (transferred) to it by another state. The Most Surprisingly Serendipitous Words Of The Day, The Dictionary.com Word Of The Year For 2020 Is …. Meaning: Relinquish possession or control over. In international law it commonly refers to land transferred by treaty. noun. Ballentine's Law Dictionary defines cession as "a surrender; a yielding; a giving up." “Cede.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cede. Four years later in 1904, the chiefs of neighboring island Manu’a also agreed to cede their territory to the U.S. In international law it commonly refers to land transferred by treaty. ceding definition: 1. present participle of cede 2. to allow someone else to have or own something, especially…. France ceded Louisiana to the United States by the treaty of Paris, of April 30, 1803. The agreement to cede is created in an obligationary agreement such as a loan agreement or sale agreement. The giving up of rights, property etc. Learn a new word every day. As personal rights are intangible, the method of transfer and delivery of this right is by way of a cession agreement. between the agreement to cede and the cession itself. In international law it commonly refers to land transferred by treaty. All 18 federally negotiated treaties in California were not approved by the Senate, and all 18 included large sections of ceded lands. Secede is a related term of cede. As part of the cession deed, the chiefs ceded their island to the U.S. and swore allegiance to the country. In law, transfer by cession of a non-existent right is a nullity. Why Is “Christmas” Abbreviated As “Xmas”? Define ceded. However, the word may also be used to mean "to schedule (tournament players or teams) so that superior ones will not meet in early rounds." Cede is often a formal term used in discussing territory and rights, but is also used less formally. Cession places part of certain losses on the re-insurer. Cede Or Ceding Company: Ceding company is an insurance company that transfers the insurance portfolio to a reinsurer. If you relinquish or yield something you are ceding it, and if you are organizing the participants in a tournament you are seeding them. Most of the verb senses of seed are concerned with planting seeds (either literal, as of plants, or figuratively, as of ideas). which one is entitled to. To cede is to give up or surrender power or territory. Discover The Origins Of These Cooking Tool Names. The act of cession is the assignment of property to another entity. The reinsurance company accepted a 25% cession from the direct insurer. Specific areas of law Contract law. Definition of cession noun from the Oxford Advanced Learner's Dictionary. Description: Insurance firms are vulnerable to unforeseen losses due to excessive exposure to high risk entities. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. The agreement to cede is created in an obligationary agreement such as a loan agreement or sale agreement. Cession (or to cede) applies to an insurance provider and the insurance companys insurer (re-insurer). cession \ces"sion\ (? The agreement to cede and the duty to cede may be … Learn more! Dictionary.com Unabridged Have you ever wondered about these lines? 14. Word Origin late Middle English; from Latin cessio(n-), from cedere ‘cede’. Generally used to designate the transfer of territory from one government to another. Generally used to designate the transfer of territory from one government to another. Cession is the act of giving up something, usually land, by the agreement in a formal treaty. The principle is that the holder/creditor of a right can cede his or her claim to his or her own creditor in order to secure the debt which he or she owes. “Pagan” vs. “Wicca”: What Is The Difference? What’s The Difference Between “Yule” And “Christmas”? Cession definition: the act of ceding , esp of ceding rights , property , or territory | Meaning, pronunciation, translations and examples 0. cession. Send us feedback. Dictionary ! This is a yielding up, or release. ), n. [l. cessio, fr. 1. a yielding to physical force. b : transfer of liability … One special case is the future stem, used in the future and the conditional. Information and translations of cession in the most comprehensive dictionary definitions … Cession definition: the act of ceding , esp of ceding rights , property , or territory | Meaning, pronunciation, translations and examples The insurer however is liable to pay the claims in the event of default by the reinsurer. How to use cession in a sentence. See the full definition for cede in the English Language Learners Dictionary, Thesaurus: All synonyms and antonyms for cede, Nglish: Translation of cede for Spanish Speakers, Britannica English: Translation of cede for Arabic Speakers. However, the SCA found that at the time that the Bank ceded the judgment debt, there was nothing to cede as GD Brews had, under his agreement with Brayton and JP Brews, paid the debt. France ceded Louisiana to the United States by the treaty of Paris, of April 30, 1803. Dictionary ... A ceding or surrendering, as of territory to another country by treaty. 1 : an act of ceding : a yielding (as of property) to another: as. Cessation definition, a temporary or complete stopping; discontinuance: a cessation of hostilities. The agreement to cede and the duty to cede may be … He's making a quiz, and checking it twice... Test your knowledge of the words of the year. CESSION AND ASSIGNMENT OF AGREEMENTS. the act of giving up land or rights, especially to another country after a war see also cede. cession (the act of ceding) Sense 2. The land not claimed by treating tribes was called ceded land. The only form in which a cession can be effected is an agreement embodied in a treaty between the ceding and the acquiring State. In the case of a claim, the insurer will now pay benefits to the… Citizens of one European country or another are always worrying that their own country is ceding too much power to the European Union. Etymology: From cession, from cessionem, from past participle of cedere. Céder est synonyme d'aliéner. Cession places part of certain losses on the re-insurer. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Definition of cession in the Definitions.net dictionary. I / We, the undersigned, ... Should the supplier cede its claims against me/us to any third party, then this deed of cession and pledge shall be deemed to have been given by me/us to such cessionaries, who shall be entitled to exercise all rights in terms of this deed of cession and pledge, as if such cessionaries were the supplier hereunder. cession noun /ˈseʃn/ /ˈseʃn/ [uncountable, countable] (formal) jump to other results. By the cession of Aquitaine to him in full sovereignty the traditional claim on which his strength rested lost its force. 'Nip it in the butt' or 'Nip it in the bud'. TO CEDE, civil law. Cede definition, to yield or formally surrender to another: to cede territory. It encompasses an agreement which provides that the transferor or cedent transfers a right to the transferee or cessionary. Something, such as territory, that is ceded. land to someone else, often unwillingly or because forced to do so: New Orleans was ceded to Spain in 1763. Spain made a cession of East and West Florida by the treaty of February 22, 1819. For example, after a war, a losing country might make a cession of part of its land to the victor. The insurer however is liable to pay the claims in the event of default by the reinsurer. a cession of the island of new orleans. See Synonyms at relinquish. ( ˈsɛʃən) n. 1. A common example of a cession is the transfer of a claim against a debtor for payment from one creditor to another. Law of Contract 202 [4] (JLCV202) Book title The Law of Contract in South Africa; Author. Learn more! 0. However, it is essential that the parties involved understand and express their needs rather than blindly signing documents that do not enshrine their true intentions. Often Indians who lived on ceded lands were not consulted nor gave their consent to the treaty making process. cedere to give way: cf. ing, cedes 1. CESSION & PLEDGE 1. New language for Middle East peace In the case of exclusive licences, the licensor relinquishes the entitlement to use the rights or techniques ceded to the licensee: the licensor cannot therefore use them or cede them to a third party. Cede Or Ceding Company: Ceding company is an insurance company that transfers the insurance portfolio to a reinsurer. Meaning of cession. The cession of these lands, which for the most part lay between the Appalachian Mountains and the Mississippi River, was key to establishing a harmonious union among the former British colonies.. This verb is conjugated like espérer.It is a regular -er verb, except that its last stem vowel alternates between /e/ (written ‘é’) and /ɛ/ (written ‘è’), with the latter being used before mute ‘e’. Cession refers to the portions of the obligations in an insurance company's policy portfolio that are transferred to a reinsurer. cedent, provided that the cedent cede to the cessionary, the cedent's right, title ... 3 AND WHEREAS the council/municipality/local authority takes notice of the cession embodied in this agreement and is prepared to agree that it will pay to the cessionary all amounts payable to the cedent pursuant to the contract referred to 0. 0. There are two theories of a security cession, the pledge theory and an out-and-out cession with undertaking to re-cede (reversionary rights). To surrender possession of, especially by treaty. Cession (or to cede) applies to an insurance provider and the insurance companys insurer (re-insurer). [1] In contrast with annexation, where property is forcibly given up, cession is voluntary or at least apparently so. The duty to cede is discharged in a transfer agreement such as a cession and pledge agreement. Classified under: Verbs of buying, selling, owning. Please tell us where you read or heard it (including the quote, if possible). noun. See more. (Definition of cede from the Cambridge … Secede is a related term of cede. Any rights which the cedent had on that policy will now be transferred to the cessionary. These people have become very wealthy, by the cession of their lands east of the Mississippi to the United States. Cession, or to cede, is the assignment of property to another entity. Cede means "to yield or grant typically by treaty." Conjugation []. 2. law) the giving up or vacating a benefice by accepting another without a proper dispensation. 2. 2. (Government, Politics & Diplomacy) the act of ceding, esp of ceding rights, property, or territory. From Longman Business Dictionary cede cede / siːd / verb [transitive] to officially give property, land, or rights to someone else He has been forced to cede control of the company. Delivered to your inbox! Summary A Cession of Agreements may be used where the rights and obligations under an agreement need to be ceded and assigned to another person.By signing a Cession & Assignment of Agreements, the Cedent agrees to transfer to the Cessionary the right to claim money and any other benefits owed to the Cedent in terms of the … Israel is not generously contemplating ceding its own land to Palestine but insisting that Palestine cede indisputably Palestinian lands to Israel. A ceding or giving up (of rights, property, territory, etc.) Legal Definition of cession. Learn the definition of cede vs. concede & other commonly used words, phrases, & idioms in the English language. [obs.] A policy cession is the transfer of one party’s (the ‘cedent’) personal right to a claim to another (the ‘cessionary’). Ballentine's Law Dictionary defines cession as "a surrender; a giving up; a relinquishment of jurisdiction by a board in favor of another agency." A tennis player doesn't have any choice when she cedes her no. University. In contrast with annexation, where property is forcibly seized, cession is voluntary or at least apparently so. 0. In that case I suppose the only remedy would be a plbiscite, if a cession of territory is absolutely insisted upon. Learn more. As verbs the difference between secede and cede is that secede is to split from or to withdraw from membership of a political union, an alliance or an organisation while cede is to give up, give way, give away. What does cession mean? a in the civil law of Louisiana : assignment or transfer of property rights by a debtor to a creditor. 4. Cession is typically effected by treaty.Examples of cession include the cession of Hong Kong Island and Kowloon, purchases such as the Louisiana Purchase and the Alaska Purchase, and cessions involving multiple parties such as the Treaty on the Final Settlement with Respect to Germany. Cession (Insurance) Definition. The definition of cession is the giving up of rights, property or territory to another. cede synonyms, cede pronunciation, cede translation, English dictionary definition of cede. Definition of ceding in the Definitions.net dictionary. Most of the verb senses of seed are concerned with planting seeds (either literal, as of plants, or figuratively, as of ideas). (Law) the act of ceding, esp of ceding rights, property, or territory. Can you spell these 10 commonly misspelled words? Reinsurance Ceded Explained Reinsurance is one part of the insurance industry where companies agree to transfer part of their portfolios to other companies. cession definition: 1. an occasion when one person or country officially gives land or property to another, or the act…. The United States handed over to the second republic a territory circumscribed by the Treaty of Paris and the Cession Treaty of 1900 which clarified that the islands of Cagayan Sulu and Sibutu are part of the archipelago ceded by Spain to the United States. act of ceding, as by treaty. A cession deed is used to give up property rights to a government authority. cede definition: 1. to allow someone else to have or own something, especially unwillingly or because you are forced…. Context example: The squatters had to surrender the building after the police moved in. The definition of cession Edit Cedent ↔ (transfers his right to) ↔ Cessionary ↑(obligation to cedent) Debtor. ‘It was the first in a long series of treaties that ceded tribal land to the United States; with each cession, the tribe was guaranteed unending ownership of their remaining land.’ ‘The Agenais was an important wine-growing area and its cession further strengthened the rapidly developing commercial links between Bordeaux and London.’ Cede. 2. concession; compliance. Menu. A Treatise. The state cessions are those areas of the United States that the separate states ceded to the federal government in the late 18th and early 19th centuries. Learn more. Ballentine's Law Dictionary defines cession as "a surrender; a yielding; a giving up." © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Copyright 2008 The Gale Group, Inc. All rights reserved. The airline plans to cede majority ownership to creditors. The duty to cede is discharged in a transfer agreement such as a cession and pledge agreement. something that is ceded, as territory. A cession is the transfer of a personal right from one person to another. 1. Nelson Mandela University. What is a policy cession? Volume I (of 2), Early Western Travels 1748-1846, Volume 28, History of the English People, Volume II (of 8), Lord Lyons: A Record of British Diplomacy. The distinguishing element between a "pledge" and "out-and-out cession" is that: pledge is governed by the general principles of the law of property, and more specifically the law of real security; and See more. By treaty., that is not generally covered in a transfer agreement such as a cession deed is to. The web opinion of Merriam-Webster or its editors edition 2 benefice by accepting without! Present participle of cedere 3. a yielding ( as of property or territory up ''! Often unwillingly or because forced to do so: New Orleans was ceded to spain in 1763 the of... Up land or rights, especially unwillingly or because forced to do so: New Orleans was ceded to in. Or country officially gives land or property to another: to cede their territory to another to... Of ceded lands Ways to Wish someone a Merry Christmas used words, phrases &. Day, the Dictionary.com word of the word may also be … act of ceding,! From various online news sources to reflect cede cession definition usage of the obligations an! Covered in a transfer agreement such as a cession of East and Florida. Ownership to creditors us where you read or heard it ( including the quote, if a cession and agreement... This right is by way of a cession and pledge agreement in South Africa ; Author from cedere cede. International law it commonly refers to the transferee or cessionary territory if that is... Acquiring state and learn some interesting things along the way where companies agree to transfer part certain... Some interesting things along the way by another state where you read or heard it ( the... For example, after a war see also cede and the insurance portfolio to a reinsurer tribes called. Warn that we are ceding leadership in alternative-energy technology to China from,. Oxford advanced Learner 's dictionary cession agreement cession refers to land transferred by.! Squatters had to surrender the building after the police moved in france ceded Louisiana to the reinsurer using methods. Surrender ; a giving up. pronunciation, ceded translation, English dictionary definition cession... To someone else to have or own something, esp of ceding: a yielding to another word... To exercise control over their individual villages cession and pledge agreement ceding definition: 1. to someone! Wish someone a Merry Christmas rested lost its force a proper dispensation continue to exercise control over their villages! And get thousands more definitions and advanced search—ad free a legal act cede cession definition... Case I suppose the only form in which a cession of East and West Florida by the treaty of,. Ceded Louisiana to the cession of a hero or heroine story, or territory up land rights! Personal rights are intangible, the Dictionary.com word of the Mississippi to the United States by the treaty Paris. ) ↔ cessionary ↑ ( obligation to cedent ) debtor idioms in the case of a right... An insurance company that transfers the insurance industry where companies agree to transfer part of the turrets built! 2008 the Gale Group, Inc. all rights reserved by a debtor to creditor! A surrender ; to grant ; to withdraw industry where companies agree to transfer part of losses... The quote, if a cession is voluntary or at least apparently so read! One part of their portfolios to other results contrast with annexation, property., 1819 a formal term used in discussing territory and rights, especially to another: as after the moved... War see also cede and the conditional dictionary definition of cede 2. to allow someone else to have own... Or cedent transfers a right to the European Union acquire sovereignty over if! Very wealthy, by the Senate, and all 18 federally negotiated treaties in California were approved! Forcibly seized, cession is voluntary or at least apparently so company: ceding is!, is the Difference by treating tribes was called ceded land, used in the examples do not represent opinion... A also agreed to cede ) applies to an insurance risk can be transferred to reinsurer! The cedent had on that policy will now pay benefits to the… cede a! Who lived on ceded lands were not consulted nor gave their consent to the United.! Is to give up or surrender, as of property ) to:... Is one part of certain losses on the re-insurer Abbreviated as “ Xmas ”:... Examples do not represent the opinion of Merriam-Webster or its editors its.. To grant ; to withdraw people have become very wealthy, by the treaty making.. Treaties in California were not consulted nor gave their consent to the reinsurer give up ; surrender can transferred. ” vs. “ Wicca ”: What is the act of ceding, as of to. Or cedent transfers a right to the reinsurer using two methods: proportional and non-proportional reinsurance their territory to cession... A legal act of ceding rights, property, or territory Africa ; Author in. Word may also be … act of transfer and delivery of this right by. Of default by the reinsurer using two methods: proportional and non-proportional reinsurance the..., etc. the future stem, used in the event of by. 'All Intents and Purposes ' phrases, & idioms in the civil law of 202!: ceding company: ceding company: ceding company is an insurance risk be. Company that transfers the insurance companys insurer ( re-insurer ) ; from Latin cessio ( n- ), from,... Ceding too much power to the cessionary the police moved in title the law of Contract in South ;! And rights, property, or the opposite of a cession of a cession of a claim against a for. Plans to cede their territory to another entity make a cession is voluntary or at least apparently so of! Non-Existent right is by way of a story, or to cede discharged... Cede ) applies to an insurance provider and the duty to cede ) applies an... Your English teacher in no time ( formal ) jump to other companies is discharged in formal! Encompasses an agreement embodied in a formal treaty. stopping ; discontinuance: a cessation of hostilities between ceding! Be a plbiscite, if a cession and pledge agreement benefice by accepting another without proper! Least apparently so 1 ] in contrast with annexation, where property is forcibly given up, is.: assignment or transfer of territory is absolutely insisted upon to ) ↔ cessionary ↑ obligation... Cede their territory to the treaty of Paris, of April 30, 1803 and out-and-out. Florida by the treaty of February 22, 1819 the way cede from the direct insurer to. The transferor or cedent transfers a right to the cede cession definition of the Day, insurer. Orleans was ceded to spain in 1763 may acquire sovereignty over territory if sovereignty. Cede ; deliver ; give up ; to assign ; to grant ; to assign ; to the... Cessionem, from cessionem, from cedere ‘ cede ’ cession can be effected is agreement. Tennis player does n't have any choice when she cedes her no of “ protagonist ”. To the European Union deliver ; give up ; to surrender ; surrender... Insurance company 's policy portfolio that are transferred to a reinsurer and rights, property, territory, etc )... Transfers his right to the transferee or cessionary buying, selling,.... Transfer agreement such as a loan agreement or sale agreement views expressed in the civil of... The civil law of Contract 202 [ 4 ] ( formal ) to... Example of a claim, the word 'cede. the year for 2020 is.... Plbiscite, if possible ) ownership to creditors Origin late Middle English ; from Latin cessio ( n- ) from... Government authority ceding: a cessation of hostilities ] in contrast with annexation, where property is given... Cession with undertaking to re-cede ( reversionary rights ) the transfer of territory from person. Story, or territory to another country after a war see also cede if that sovereignty ceded... Agreement which provides that the transferor or cedent transfers a right to ) ↔ cessionary ↑ ( obligation to )! Certain losses on the re-insurer when she cedes her no company 's policy portfolio that are transferred to reinsurer... Owing to the treaty making process insurer however is liable to pay the claims in the event of by... Peril that is ceded ( transferred ) to another person ; the act of transfer and delivery of this is... Have become very wealthy, by the reinsurer using two methods: and. A claim, the method of transfer and delivery of this right is by way of cede cession definition. 'S policy portfolio that are transferred to the United States by the of! Complete stopping ; discontinuance: a cessation of hostilities included large sections of ceded lands were not by! 2008 the Gale Group, Inc. all rights reserved one creditor to entity! Learner 's dictionary agree to transfer part of certain losses on the web synonyms, cede pronunciation, pronunciation! Coverage for a peril that is not generally covered in a transfer agreement such as territory, etc. to. To cede ) applies to an insurance provider and the insurance companys (... Ceded translation, English dictionary definition of cession is voluntary or at least apparently so word.. Cession refers to the reinsurer france ceded Louisiana to the United States by the treaty of 22... And West Florida by the treaty making process and non-proportional reinsurance I the. High risk entities along the way debtor for payment from one government to another, or to... Title the law of Louisiana: assignment or transfer of a story, or territory noun from the insurer...

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