Cession vs Annexation - What's the difference?
cession | annexation |
That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.
The giving up of rights, property etc. which one is entitled to.
* 1817 , (Walter Scott), Rob Roy , X:
Addition or incorporation of something, or territories that have been annexed.
(legal) A legal merging of a territory into another body.
As nouns the difference between cession and annexation
is that cession is that which is ceded. Insurance: (part of) a risk which is transferred from one actor to another while annexation is addition or incorporation of something, or territories that have been annexed.cession
English
Noun
(en noun)- The reinsurance company accepted a 25% cession from the direct insurer.
- ‘Rashleigh, whose occasions frequently call him elsewhere, has generously made a cession of his rights in my favour; so that I now endeavour to prosecute alone the studies in which he used formerly to be my guide.’