Cession

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Dictionary Meaning and Definition on 'Cession'
- cession
n : the act of ceding [syn: ceding]
- Cession \Ces"sion\, n. [L. cessio, fr. cedere to give way: cf.
F. Cession. See Cede.]
- A yielding to physical force. [Obs.] --Bacon.
- Concession; compliance. [Obs.]
- A yielding, or surrender, as of property or rights, to another person; the act of ceding. A cession of the island of New Orleans. --Bancroft.
- (Eccl. Law) The giving up or vacating a benefice by accepting another without a proper dispensation.
- (Civil Law) The voluntary surrender of a person's effects to his creditors to avoid imprisonment.
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Wikipedia Meaning and Definition on 'Cession'
The act of Cession, or to cede, is the assignment of property to another entity. In international law it commonly refers to land transferred by treaty. Ballentine's Law Dictionary defines cession as "a surrender; a yielding; a giving up." In contrast with annexation, where property is forcibly given up, cession is voluntary or at least apparently so.
A similar concept to cession is concession, while a recession is a completely different concept.
In 1790, the U.S. states of Maryland and Virginia both ceded land to create the District of Columbia, as specified in the U.S. Constitution of the previous year. The Virginia portion was given back in 1847, a process known as "retrocession".
After the Opium Wars, Hong Kong and Kowloon were ceded by the Qing Dynasty government of China to the United Kingdom.
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Cession Sample Sentences in News
- Creation of a Direct Financial Obligation or an Obligation under an O - Yahoo! Finance
Exhibit Number Description 10.1 Breakwood Trading 22 Term Loan Facility Agreement 10.2 Breakwood Trading 22 Revolving Loan Facility Agreement 10.3 Breakwood Trading 22 Profit Share Agreement 10.4 Breakwood Trading 22 Security Cession of All Amounts Owing ... Read more on this news related to 'Cession' - Beware standing security for a loan - Independent Online
The cession she signed was open-ended and made her liable for further loans granted to the borrower without her knowledge or consent. The Ombudsman for Banking Services has warned against such dangerous sureties and says the banks should stop using them ... Read more on this news related to 'Cession' - Feast Of Santa Rita Today - Manila Bulleting Online
A feast mass will be celebrated in her honor at the San Agustin Church in Intra¬muros, Manila at 5:30 p.m., to be followed by a solemn pro¬cession. A procession will also be held at 6 p.m. at the Santa Rita de Cascia Parish in Philam Homes, Quezon City. Read more on this news related to 'Cession'

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