Cession vs Separation - What's the difference?
cession | separation |
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 disuniting two or more things, or the condition of being separated.
The place at which a division occurs.
An interval, gap or space that separates things.
(legal) An agreement terminating a relationship between husband and wife, but short of a divorce.
(military) Departure from active duty, while not necessarily leaving the service entirely.
As nouns the difference between cession and separation
is that cession is that which is ceded insurance: (part of) a risk which is transferred from one actor to another while separation is separation.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.’
