retrocession

noun

ret·​ro·​ces·​sion ˈre-trə-ˌse-shən How to pronounce retrocession (audio)
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

Note: An heir's right to retrocession has been repealed.

2
: the act of ceding back something (as jurisdiction)
3
a
: 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

Word History

Etymology

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

Dictionary Entries Near retrocession

Cite this Entry

“Retrocession.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/retrocession. Accessed 1 Dec. 2022.

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