cessions background

cessions

/ˈsɛʃənz/

Illustration cessions - Image 1

noun

양도, 이전

That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.

Examples :

"The insurance company protected itself from large losses by making cessions of a portion of each policy's risk to a reinsurance company. "

보험 회사는 각 보험 증권의 위험 일부를 재보험 회사에 양도하여 큰 손실로부터 스스로를 보호했습니다.

politics property government insurance business finance law economy

Illustration cessions - Image 1

noun

양도, 포기

The giving up of rights, property etc. which one is entitled to.

Examples :

"The treaty included land cessions that significantly reduced the territory controlled by the indigenous people. "

조약에는 원주민이 통제하는 영토를 크게 줄이는 토지 양도가 포함되었습니다.

politics property right government nation state law politics