English-Dutch translations for cession

• afstand

Definition of cession

• That which is ceded. Insurance: a risk which is transferred from one actor to another
• The giving up of rights, property etc. which one is entitled to

Examples

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

Related words

• accession
• recession
• succession
• concession
• concessionaire
• secession
• procession
• precession
• cessionary