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

noun abalienation, allowance, assignment, award, bestowal, concession, conveyance, delivery, disposition, donation, gift, giving up, giving up claim to, grant, handing over, nonretention, parting with, release, relinquishing claim to, relinquishment, submittal, surrender, transfer, waiver, yielding
See also: abandonment, alienation, assignment, consignment, conveyance, demise, desertion, expense, release, relinquishment, renunciation, resignation, sacrifice

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 ?
Cette nouvelle vague de cessions aurait ete lancee sous la pression des actionnaires de Risma, lasses d'attendre des dividendes qui ne viennent pas et s'inscrirait donc dans une strategie globale de desendettement du groupe.
The United States handed over to the second republic a territory circumscribed by the Treaty of Paris and the Cession Treaty of 1900 which clarified that the islands of Cagayan Sulu and Sibutu are part of the archipelago ceded by Spain to the United States.
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,
Les parties envisagent la cession anticipee par Orascom a France Telecom de la plupart de ses actions dans MobiNil/ECMS, au prix de 202,5 Livres egyptiennes (EGP) par action", selon le communique.
Inevitably arousing the resentment oft he senior bureaucrats, MacBryan was eased out of his position but reappeared in Kuching in late 1940 to mastermind a new Constitution for Sarawak, and again in London in late 1945 to broker an agreement between the Rajah and the Colonial Officer providing for his cession of sovereignty over Sarawak.
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.
Our smoking cession service is definitely the most popular, with at least three consultations every day, but the emergency contraception is growing as well, especially on the weekends.