Cession vs Concession - What's the difference?
cession | concession |
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:
the act of conceding, especially that of defeat
something, such as an argument, that is conceded or admitted to be wrong
(rhetoric) Admitting a point to strengthen one's overall case.
the grant of some land to be used for a specified purpose
(chiefly, US) a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates
(Canada) In Ontario, a small road between tracts of farmland.
As nouns the difference between cession and concession
is that cession is that which is ceded. Insurance: (part of) a risk which is transferred from one actor to another while concession is the act of conceding, especially that of defeat.As a verb concession is
to grant or approve by means of a concession agreement.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.’