0 an occasion when one person or country officially gives land or property to another, or the act of officially giving land or property away
1 the act of passing risk from an insurance company to its reinsurer (= a company that insures an insurance company to protect it against large demands from its customers):
He considered the cession of territory to be inevitable and thought it should be done promptly.
Few rulers seem to go back on the view that their signature of the cession of jurisdiction was, in all the circumstances, inevitable.
To begin with there must be a considerable cession of sovereignty.
But it has been informed that its predecessors committed themselves to an agreement which may involve a certain small cession of territory.
In the interests of peace we may well have to make con-cessions.
Perhaps this is one of the golden con- cessions that we heard about yesterday.
One reason was that we were attempting to build a rule of law without any cession of individual sovereignty.
We now know what is the limit of the con- cessions.
