cession means that which is ceded. Lexicurio rates it Rare gem — a strength score of 78 out of 100.
cession is pronounced /ˈsɛʃən/.
Etymology
From Middle French cession, from Latin cessionem, from past participle of cēdere (“to yield”). By surface analysis, cede + -sion.
noun
- That which is ceded.
- That which is ceded.; A risk, or part of one, which is transferred from one actor to another.“The reinsurance company accepted a 25% cession from the direct insurer.”
- The giving up of rights, property etc. which one is entitled to.“[…] Rashleigh, whose occasions frequently call him elsewhere, has generously made a cession of his rights in my favour; so that I now endeavour to prosecute alone the studies in which he used formerly to be my guide.”