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Cession vs Subletting - What's the difference?

cession | subletting |

As a noun cession

is that which is ceded insurance: (part of) a risk which is transferred from one actor to another.

As a verb subletting is

.

cession

English

Noun

(en noun)
  • That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.
    • The reinsurance company accepted a 25% cession from the direct insurer.
  • The giving up of rights, property etc. which one is entitled to.
  • * 1817 , (Walter Scott), Rob Roy , X:
    • ‘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

    * ----

    subletting

    English

    Verb

    (head)