nounDownload🔗ShareThat which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.Examples:""The insurance company made a cession of part of the hurricane risk to a reinsurer, sharing the potential losses." "politicsinsurancebusinessChat with AIVocabulary GamePractice Reading
nounDownload🔗ShareThe giving up of rights, property etc. which one is entitled to.Examples:"The cession of his inheritance to his younger brother was a selfless act. "politicspropertyrightgovernmentnationstatelawhistoryChat with AIVocabulary GamePractice Reading