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Cedent |
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CEDENT, civil law, Scotch law. An assignor. The term is usually applied to the assignor of a chose in action. Kames on Eq. 43. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Equally, the net cost of reinsurance protections (relative to expected market volatility) would be equivalent no matter how a cedent chose to buy: catastrophe, per risk, pro rata or aggregate. Olympus' main operating company, to provide cost containment and administrative services to PARIS RE cedent companies. The basis risk here is the likelihood that the transaction will not yield a payout to the cedent even though the reinsurance recoverable is uncollectible for whatever reason--whether it is because of unwillingness or inability to pay," Modu said. |
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