Law Dictionary

retrocession

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noun ret·ro·ces·sion \ˈre-trə-ˌse-shən\

Legal Definition of retrocession

  1. 1 :  the return of title to property to its former or true owner; specifically in the civil law of Louisiana :  the return to a decedent's heirs of property of the decedent that had been sold or assigned by coheirs Editor's note: An heir's right to retrocession has been repealed.

  2. 2 :  the act of ceding back something (as jurisdiction)

  3. 3a :  the process by which all or part of the risks assumed in an insurance contract are reassigned or ceded by a reinsurer to another insurance company b :  the amount reassigned or ceded

Origin and Etymology of retrocession

French rétrocession, from Medieval Latin retrocessio retreat, from Late Latin, act of going back, from Latin retrocedere to go back


Learn More about retrocession

  1. Medical Dictionary: Definition of retrocession


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WORD OF THE DAY

to cast off or become cast off

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