Ceded vs Cession - What's the difference?
ceded | cession |
(cede)
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To give up, give way, give away.
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:
As a verb ceded
is past tense of cede.As a noun cession is
that which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.ceded
English
Verb
(head)cede
English
Verb
(ced)- Edward decided to cede the province.
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.’