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):
As already noted, no material or monetary compensation is expected in return for the cession of the land.
It is quite irreparable and it is incapable of being compensated by cession of land elsewhere or by payment of money.
It has nothing to do with it to say that there have been cases of cessions of territory.
When the word "compromise" is used, we must give up the idea that it concerns large cessions of territory.
Many people want independence immediately without any form of territorial cession and no negotiation.
In other areas there are only limited con- cessions or no concessions at all.
Their representatives have made it clear that they regard territorial cession as unacceptable.
We now know what is the limit of the con- cessions.
