cession

/ˈsɛʃən/

Meanings

noun

That 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." "

noun

The 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. "

politics property right government nation state law history

Related Words

younger adjective

/ˈjʌŋɡə/ /ˈjʌŋɡɚ/

In the early part of growth or life; born not long ago.

"a lamb is a young sheep; these picture books are for young readers"

inheritance noun

/ɪnˈhɛɹətəns/

The passing of title to an estate upon death.

"Upon her grandfather's death, she received a house as inheritance. "

entitled verb

/ɪnˈtaɪtəld/ /ɛnˈtaɪtəld/ /ɪnˈtaɪɾəld/ /ɛnˈtaɪɾəld/

To give a title to.

"The teacher entitled the essay "My First Day at School." "

insurance noun

/ɪn.ˈʃɔː.ɹəns/ /ɪn.ˈʃɝ.əns/

A means of indemnity against a future occurrence of an uncertain event.

"The car was totalled, but fortunately I had insurance."

hurricane noun

/ˈhʌɹɪkən/ /ˈhɝɪˌkeɪn/

A severe tropical cyclone in the North Atlantic Ocean, Caribbean Sea, Gulf of Mexico, or in the eastern North Pacific off the west coast of Mexico, with winds of 119 km/h (74 miles per hour) or greater accompanied by rain, lightning, and thunder that sometimes moves into temperate latitudes.

"The hurricane forced the school to close for several days. "

sharing verb

/ˈʃɛəɹɪŋ/ /ˈʃɛɹɪŋ/

To give part of what one has to somebody else to use or consume.

"The children are sharing their toys. "

company noun

/ˈkʌmp(ə)ni/ /ˈkʌmpəni/

A team; a group of people who work together professionally.

"The school's student council is a company of dedicated students who organize events. "

selfless adjective

/ˈsɛlfləs/

Having, exhibiting or motivated by no concern for oneself but for others; unselfish.

"The selfless volunteer spent hours tutoring struggling students after school. "

property noun

/ˈpɹɒp.ət.i/ /ˈpɹɑp.ɚt.i/

Something that is owned.

"Important types of property include real property (land), personal property (other physical possessions), and intellectual property (rights over artistic creations, inventions, etc.)."

potential noun

/pəˈtɛnʃəl/ /po(ʊ)ˈtɛnʃəl/

Currently unrealized ability (with the most common adposition being to)

"Even from a young age it was clear that she had the potential to become a great musician."

transferred verb

/tɹænsˈfɜːd/

To move or pass from one place, person or thing to another.

"to transfer the laws of one country to another; to transfer suspicion"

another pronoun

/æˈnʌð.ə(ɹ)/ /əˈnʌð.ə(ɹ)/ /æˈnʌð.ɚ/ /əˈnʌð.ɚ/

An additional one of the same kind.

"There is one sterling and here is another"