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cession (4 synonym found)
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Definition of cession:
(n) :
that which is ceded. Insurance: (part of) a risk which is transferred from one actor to another; the transfer of a personal claim from a cedent to a cessionary
"the reinsurance company accepted a 25% cession from the direct insurer."
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Definition of cession:
(n) :
that which is ceded. Insurance: (part of) a risk which is transferred from one actor to another; the transfer of a personal claim from a cedent to a cessionary
"the reinsurance company accepted a 25% cession from the direct insurer."
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