Cession


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Cession

The act of relinquishing one's right.

A surrender, relinquishment, or assignment of territory by one state or government to another.

The territory of a foreign government gained by the transfer of sovereignty.

CESSION, contracts. Yielding up; release.
     2. France ceded Louisiana to the United States, by the treaty of Paris, of April 30, 1803 Spain made a cession of East and West Florida, by the treaty of February 22, 1819. Cessions have been severally made of a part of their territory, by New York, Virginia, Massachusetts, Connecticut) South Carolina, North Carolina, and Georgia. Vide Gord. Dig. art. 2236 to 2250.

CESSION, civil law. The, act by which a party assigns or transfers property to a other; an assignment.

CESSION, eccl. law. When an ecclesiastic is created bishop, or when a parson takes another benefice, without dispensation, the first benefice becomes void by a legal cession, or surrender. Cowel, h.t.

References in periodicals archive ?
Ainsi, le montant global des deux operations s'eleve a 8,9 milliards de DH, soit une cession a un prix moyen de 126,3 DH par action.
While Cora admitted having acquired the properties through cession from their uncle and auntie, Spouses Cas, she claims that the said properties were actually owned by their parents.
A decline in cession rates, alongside slowing down of large commercial and infrastructure projects, have affected the performance of GCC-based reinsurers.
Additionally, the recent strong opposition of the Namibian insurance industry to the government's plan to increase the mandatory cession to NamibRe has put into question our expectation of a meaningful increase in NamibRe's premiums and subsequent improvement in profitability.
Ali added that it would be most favourable if the court instead deemed the agreement illegal or ruled that the government must put the cession to a public referendum.
Because of this information differential, quota share reinsurance transactions for simplified underwriting are a significant part of today's cession rate of approximately 25% and one of the best chances for it growing again.
SELLAMI a declare qu'il envisage au cours des douze prochains mois de poursuivre l'acquisition de nouvelles actions et droits de vote, de ne pas poursuivre la cession des actions et droits de vote lui appartenant.
refusal from all the scientific and technical achievements, including those in the nuclear energy field, cession of Iran's positions in Iraq,
The Finance Ministry needs to clarify the sum of extended credits, to draft the trilateral act of check and to sign the agreement with the liquidation commission of the specialized fund for refinancing of banks on cession of a right on repays of loans.
I was then a postgraduate student at the Australian National University in Canberra and had chosen to write about the last days of the "White Rajahs" and the transition to British colonial rule following the 1946 cession of sovereignty by Vyner Brooke.
In 2008, the compulsory cession enjoyed by Ghana Re, which obliged insurers to cede 20% of their business written to the reinsurer, was removed.
THE LIFE REINSURANCE market is stable and strong, although shrinking cession rates may impact business going forward and compel reinsurers to look for ways to boost revenue, according to all major rating agencies that put out reports in September.