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cession

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noun ces·sion \ˈse-shən\

Simple Definition of cession

  • : the act of giving up something (such as power, land, or rights) to another person, group, or country

Source: Merriam-Webster's Learner's Dictionary

Full Definition of cession

  1. :  a yielding to another :  concession

Examples of cession in a sentence

  1. territorial cessions from one state to another

  2. The law required cession of the land to the heirs.



Origin and Etymology of cession

Middle English, from Anglo-French, from Latin cession-, cessio, from cedere to withdraw — more at cede


First Known Use: 15th century


Law Dictionary

cession

play
noun ces·sion \ˈse-shən\

Legal Definition of cession

  1. 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 an insurer to a reinsurer c :  transfer of control of or sovereignty over specific property or territory especially by treaty <such district…as may, by cession of particular States…become the seat of the government of the United States — U.S. Constitution art. I>

  2. 2 :  the monetary amount of liability ceded by an insurer to a reinsurer — compare concession




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