different between reinsurance vs cession

English

Etymology

re- +? insurance

Noun

reinsurance (countable and uncountable, plural reinsurances)

1. (business, insurance) Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.

Translations

English

Etymology

From Middle French cession, from Latin cessionem, from past participle of c?dere (“to yield”).

Pronunciation

• (UK) IPA^(key): /?s???n/
• Homophone: session

Noun

cession (countable and uncountable, plural cessions)

1. That which is ceded.
   1. A risk, or part of one, which is transferred from one actor to another.

      The reinsurance company accepted a 25% cession from the direct insurer.

2. 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.’

Translations

Anagrams

• Encisos, cosines, oscines

French

Etymology

From Latin cessi?.

Pronunciation

• IPA^(key): /s?.sj??/

Noun

cession f (plural cessions)

1. cession

Related terms

• céder

Further reading

• “cession” in Trésor de la langue française informatisé (The Digitized Treasury of the French Language).

Swedish

Noun

cession c

1. cession, bankruptcy

Declension

Synonyms

• konkurs

See also

• session