Cession

Noun

 * 1) That which is ceded. Insurance: (part of) a risk which is transferred from one actor to another.
 * The reinsurance company accepted a 25% cession from the direct insurer.
 * 1) The transfer of a personal claim from a cedent to a cessionary.

Thesaurus
abalienation, abandonment, abdication, abjuration, abjurement, alienation, allowance, amortization, amortizement, assignation, assignment, bargain and sale, barter, bequeathal, capitulation, circumscription, concession, conferment, conferral, consignation, consignment, conveyance, conveyancing, deeding, deliverance, delivery, demise, dispensation, disposal, disposition, dropping out, dumping, enfeoffment, exception, exchange, exemption, extenuating circumstances, forgoing, forswearing, getting rid of, giving, giving in, giving over, giving up, grain of salt, grant, handing over, hedge, hedging, lease and release, letting go, limitation, mental reservation, modification, qualification, recantation, recedence, recession, release, relinquishment, renouncement, renunciation, reservation, resignation, restriction, retraction, retreat, riddance, sacrifice, sale, salvo, settlement, settling, special case, special treatment, specialness, specification, surrender, swearing off, trading, transfer, transference, transmission, transmittal, vesting, waiver, withdrawing, yielding