English - English
Definition of cessions in English English dictionary
- plural of cession
- cession
- The transfer of a personal claim from a cedent to a cessionary
- cession
- That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another
The reinsurance company accepted a 25% cession from the direct insurer.
- cession
- surrender, as of possessions or rights
- cession
- {n} a giving way, yielding up, resignation
- cession
- Amount of the insurance ceded to a reinsurer by the original insuring company in a reinsurance operation
- cession
- {i} concession, capitulation, yielding of territory or property
- cession
- The giving up or vacating a benefice by accepting another without a proper dispensation
- cession
- The voluntary surrender of a person's effects to his creditors to avoid imprisonment
- cession
- This is a customer's policy that is ceded to the bank Standard Bank would hold the cession, while Charter or Liberty Life would retain the policy document
- cession
- The unit of insurance passed to the reinsurer by the ceding company The unity (cession) may accordingly be the whole or a portion of: a) single risks; b) defined type or class of policies; or c) defined divisions of a policy as agreed
- cession
- A yielding to physical force
- cession
- In insurance, the act of yielding property or right under a reinsurance agreement An amount ceded as reinsurance (See also: reinsurance )
- cession
- (1) In reinsurance, the act of ceding (2) In reinsurance, a parcel or unit of insurance that a company cedes to a reinsurer
- cession
- A yielding, or surrender, as of property or rights, to another person; the act of ceding
- cession
- the act of giving up land, property, or rights, especially to another country after a war, or something that is given up in this way cede (cessio, from cedere; CEDE)
- cession
- Concession; compliance
- cession
- The amount of insurance risk transferred to the reinsurer by the ceding company
- cession
- (From Latin cessio from cessare: "to yield ") The transfer of territory from one state to another by treaty
- cession
- act of ceding (surrendering) to another, as in: The treaty included cession of all captured territories
- cession
- the act of ceding
- cession
- The portion of insurance that is ceded to a reinsurer