What is CESSION?

The act of ceding; a yielding or giving up; surrender; relinquishment of property or rights. In the civil law. An assignment. The act by which a party transfers property to another. The surrender or assignment of property for the benefit of one’s creditors. In ecclesiastical law. A giving up or vacating a benefice, by accepting another without a proper dispensation. 1 Bl. Comm. 392; Latch. 234. In public law. The assignment, transfer, or yielding up of territory by one state or government to another.

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