Cession vs Recession - What's the difference?
cession | recession |
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 or an instance of receding or withdrawing.
* Jeremy Taylor
A period of reduced economic activity
The ceremonial filing out of clergy and/or choir at the end of a church service.
As nouns the difference between cession and recession
is that cession is that which is ceded insurance: (part of) a risk which is transferred from one actor to another while recession is recession.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.’
Anagrams
* ----recession
English
(wikipedia recession)Noun
(en noun)- Mercy may rejoice upon the recessions of justice.
- ''Statisticians often define a recession as negative, real GDP growth during two consecutive quarters.
