 Cession (source code)

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= Cession
{wiki=Cession}

Cession refers to the act of transferring rights, property, or obligations from one party to another. It is a legal term often used in various contexts, including: 1. **Insurance**: In reinsurance, cession refers to the transfer of risks from one insurer (the ceding insurer) to another (the reinsurer). The ceding insurer passes on a portion of the risk it has assumed to the reinsurer, allowing it to reduce its exposure to potential losses.

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