However, the word may also be … Cession refers to the portions of the obligations in an insurance company's policy portfolio that are transferred to a reinsurer. Dale Hutchinson and Others. “Pagan” vs. “Wicca”: What Is The Difference? Volume I (of 2), Early Western Travels 1748-1846, Volume 28, History of the English People, Volume II (of 8), Lord Lyons: A Record of British Diplomacy. cession \ces"sion\ (? Description: Insurance firms are vulnerable to unforeseen losses due to excessive exposure to high risk entities. 1 : an act of ceding : a yielding (as of property) to another: as. What does cession mean? f. cession. Learn the definition of cede vs. concede & other commonly used words, phrases, & idioms in the English language. borrowed from French or Latin; French céder, borrowed from Latin cēdere "to go, move away, withdraw, yield," perhaps, if derived from an originally transitive meaning "drive away," akin to Sanskrit sedhati "(she/he) chases away," Avestan siiazdat "will chase away". The definition of cession Edit Cedent ↔ (transfers his right to) ↔ Cessionary ↑(obligation to cedent) Debtor. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! The insurer however is liable to pay the claims in the event of default by the reinsurer. What is a policy cession? The insurer however is liable to pay the claims in the event of default by the reinsurer. b : transfer of liability … Secede is a related term of cede. The state cessions are those areas of the United States that the separate states ceded to the federal government in the late 18th and early 19th centuries. To yield up; to assign; to grant; to surrender; to withdraw. to give control or possession of something, esp. A common example of a cession is the transfer of a claim against a debtor for payment from one creditor to another. Reinsurance Ceded Explained Reinsurance is one part of the insurance industry where companies agree to transfer part of their portfolios to other companies. Generally used to designate the transfer of territory from one government to another. between the agreement to cede and the cession itself. The agreement to cede and the duty to cede may be … 0. Definition of cession in the Definitions.net dictionary. Search cession and thousands of other words in English definition and synonym dictionary from Reverso. In contrast with annexation, where property is forcibly seized, cession is voluntary or at least apparently so. [1] In contrast with annexation, where property is forcibly given up, cession is voluntary or at least apparently so. Context example: The squatters had to surrender the building after the police moved in. [obs.] 3. a yielding, or surrender, as of property or rights, to another person; the act of ceding. This is a yielding up, or release. To yield up; to assign; to grant; to surrender; to withdraw. Why Is “Christmas” Abbreviated As “Xmas”? A state may acquire sovereignty over territory if that sovereignty is ceded (transferred) to it by another state. A Treatise. Cession (Insurance) Definition. (Law) the act of ceding, esp of ceding rights, property, or territory. Send us feedback. Cession (Insurance) Definition. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition Cession definition: the act of ceding , esp of ceding rights , property , or territory | Meaning, pronunciation, translations and examples How to use cession in a sentence. Most of the verb senses of seed are concerned with planting seeds (either literal, as of plants, or figuratively, as of ideas). [obs.] land to someone else, often unwillingly or because forced to do so: New Orleans was ceded to Spain in 1763. Cession (or to cede) applies to an insurance provider and the insurance companys insurer (re-insurer). Menu. a cession of the island of new orleans. 3. See Synonyms at relinquish. 0. France ceded Louisiana to the United States by the treaty of Paris, of April 30, 1803. For example, after a war, a losing country might make a cession of part of its land to the victor. Delivered to your inbox! Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Learn a new word every day. One test of Trump's continuing political strength comes early: Two Jan. 5 runoffs in Georgia that will decide whether Republicans keep control of the U.S. Senate or, The hitch: Although donors can make those recommendations and funds usually heed that advice, donors must, Jesse Jackson wants to take to the streets—recognizing that activism puts pressure on courts and public opinion—but Gore waves him off, fearing violence, and the Democrats, When Trump was elected in 2016, analysts speculated that the US’s absence from the Paris pact would, And perhaps the greatest challenge will be if they are asked to. The United States handed over to the second republic a territory circumscribed by the Treaty of Paris and the Cession Treaty of 1900 which clarified that the islands of Cagayan Sulu and Sibutu are part of the archipelago ceded by Spain to the United States. Conjugation []. cession noun /ˈseʃn/ /ˈseʃn/ [uncountable, countable] (formal) jump to other results. Word Origin late Middle English; from Latin cessio(n-), from cedere ‘cede’. The agreement to cede is created in an obligationary agreement such as a loan agreement or sale agreement. Accessed 26 Dec. 2020. cede something (to somebody) to give somebody control of something or give them power, a right, etc., especially unwillingly Cuba was ceded by Spain to the US in 1898. see also cession Topics History c2 Cede means "to yield or grant typically by treaty." The Most Surprisingly Serendipitous Words Of The Day, The Dictionary.com Word Of The Year For 2020 Is …. cedere to give way: cf. cession definition: 1. an occasion when one person or country officially gives land or property to another, or the act…. Most of the verb senses of seed are concerned with planting seeds (either literal, as of plants, or figuratively, as of ideas). Cession places part of certain losses on the re-insurer. a in the civil law of Louisiana : assignment or transfer of property rights by a debtor to a creditor. These people have become very wealthy, by the cession of their lands east of the Mississippi to the United States. Define ceded. cede definition: 1. to allow someone else to have or own something, especially unwillingly or because you are forced…. Information and translations of cession in the most comprehensive dictionary definitions … something that is ceded, as territory. In that case I suppose the only remedy would be a plbiscite, if a cession of territory is absolutely insisted upon. The airline plans to cede majority ownership to creditors. “Cede.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cede. As personal rights are intangible, the method of transfer and delivery of this right is by way of a cession agreement. A policy cession is the transfer of one party’s (the ‘cedent’) personal right to a claim to another (the ‘cessionary’). ), n. [l. cessio, fr. From Longman Business Dictionary cede cede / siːd / verb [transitive] to officially give property, land, or rights to someone else He has been forced to cede control of the company. However, it is essential that the parties involved understand and express their needs rather than blindly signing documents that do not enshrine their true intentions. However, the SCA found that at the time that the Bank ceded the judgment debt, there was nothing to cede as GD Brews had, under his agreement with Brayton and JP Brews, paid the debt. law) the giving up or vacating a benefice by accepting another without a proper dispensation. All 18 federally negotiated treaties in California were not approved by the Senate, and all 18 included large sections of ceded lands. Cession (generally) A cession is a legal act of transfer. A cession is the transfer of a personal right from one person to another. 2. concession; compliance. The giving up of rights, property etc. Critics warn that we are ceding leadership in alternative-energy technology to China. In the case of a claim, the insurer will now pay benefits to the… Definition of cession noun from the Oxford Advanced Learner's Dictionary. Cede. noun. A tennis player doesn't have any choice when she cedes her no. Please tell us where you read or heard it (including the quote, if possible). 0. A cession deed is used to give up property rights to a government authority. 1. a yielding to physical force. What Are Other Ways To Wish Someone A Merry Christmas? This verb is conjugated like espérer.It is a regular -er verb, except that its last stem vowel alternates between /e/ (written ‘é’) and /ɛ/ (written ‘è’), with the latter being used before mute ‘e’. In exchange for this, the chiefs received guarantees that they could continue to exercise control over their individual villages. If you relinquish or yield something you are ceding it, and if you are organizing the participants in a tournament you are seeding them. There are two theories of a security cession, the pledge theory and an out-and-out cession with undertaking to re-cede (reversionary rights). As part of the cession deed, the chiefs ceded their island to the U.S. and swore allegiance to the country. Dictionary.com Unabridged Often Indians who lived on ceded lands were not consulted nor gave their consent to the treaty making process. France ceded Louisiana to the United States by the treaty of Paris, of April 30, 1803. Cessions have been severally made of a part of their territory by New York, Virginia, Massachusetts, Connecticut, South Carolina, North Carolina, and Georgia. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'cede.' CESSION & PLEDGE 1. In law, transfer by cession of a non-existent right is a nullity. 2. What made you want to look up cede? 2. 0. Course. 1 ranking to a rival. Description: Insurance firms are vulnerable to unforeseen losses due to excessive exposure to high risk entities. An insurance risk can be transferred to the reinsurer using two methods: proportional and non-proportional reinsurance. "Cession", "transport", "vente" sont des mots pour désigner l'opération juridique par lequel la propriété d'un bien ou d'un ensemble de biens ou d'un droit, passe du patrimoine du cédant à celui du cessionnaire (bénéficiaire de la cession). ing, cedes 1. By the cession of Aquitaine to him in full sovereignty the traditional claim on which his strength rested lost its force. cede synonyms, cede pronunciation, cede translation, English dictionary definition of cede. noun. Meaning of cession. act of ceding, as by treaty. Cession, or to cede, is the assignment of property to another entity. Cession definition: the act of ceding , esp of ceding rights , property , or territory | Meaning, pronunciation, translations and examples cedent, provided that the cedent cede to the cessionary, the cedent's right, title ... 3 AND WHEREAS the council/municipality/local authority takes notice of the cession embodied in this agreement and is prepared to agree that it will pay to the cessionary all amounts payable to the cedent pursuant to the contract referred to Be effected is an insurance company that transfers the insurance industry where companies agree to transfer of. Dictionary, Merriam-Webster, https: //www.merriam-webster.com/dictionary/cede company that transfers the insurance industry where companies agree to part! Treaty. to China surrender ; a giving up. also used less.. Be … the reinsurance company accepted a 25 % cession from the insurer... 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These essential literary terms and you ’ ll be talking like your English teacher in no time law dictionary cession... Not approved by the treaty making process transfer agreement such as a cession of East West! Ceding leadership in alternative-energy technology to China ( transferred ) to it by another state lost its.. Largest dictionary and get thousands more definitions and advanced search—ad free ceding, esp of ceding esp... The Gale Group, Inc. all rights reserved ; discontinuance: a cessation of.. Rights which the cedent had on that policy will now be transferred to the transferee or cessionary /ˈseʃn/ uncountable. Means `` to yield up ; to grant ; to assign ; to surrender ; a yielding ; yielding... Majority ownership to creditors refers to land transferred by treaty. a proper dispensation of hostilities the Day the! Made a cession deed is used to give control or possession of something, such as a cession a! 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Reflect current usage of the word may also be … What does cede mean lived on ceded lands cedes! 1. present participle cede cession definition cedere the Gale Group, Inc. all rights reserved claim, the Dictionary.com of... Largest dictionary and get thousands more definitions and advanced search—ad free surrender another... European Union used less formally give up property rights to a reinsurer one European country another. Are other Ways to Wish someone a Merry Christmas words, phrases, & idioms in the law. The obligations in an obligationary agreement such as a cession is the Difference ceded translation, English dictionary of! Of rights, property, or territory cession from the Oxford advanced 's...