Cession


Definition of "Cession"

Roberto Rodriguez
  Olive Branch Realty

Same as term CEDE: to transfer a risk from an insurance company to a reinsurance company.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Joint Tenancy With Right Of Survivorship

Joint tenancy in which the death of a joint tenant ( one owner ) means the surviving tenant becomes ...

Section 401 (k) Plan (salary Reduction Plan)

Employer sponsored retirement savings program named for the section of the Internal Revenue Code tha ...

Automobile Liability Insurance

Coverage if an insured is legally liable for bodily injury or property damage caused by an automobil ...

Empirical Rate Calculation

Adjustment of the burning cost ratio for the increase in number and size of losses (losses likely in ...

Margin

On an ARM, an amount (usually two to three percentage points) that is added to the interest rate in ...

Attorney In Fact

Power of attorney giving permission for a lawyer to represent a client. ...

Related Real Estate FAQ

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor Real Estate Open House - The Dos and Don Short Sale Homes 3 tips to ensure your sale goes through Rent or Buy - the pros and cons

FAQ

What is a seller disclosure? What is a cap? What is hazard insurance? What is a debt-to-income ratio? What is a term?