单词 | retrocession |
释义 | ret·ro·ces·sion /'re-trə-ˌse-shən/ n [French rétrocession, from Medieval Latin retrocessio retreat, from Late Latin, act of going back, from Latin retrocedere to go back] 1: the return of title to property to its former or true owner; specif in the civil law of Louisiana: the return to a decedent's heirs of property of the decedent that had been sold or assigned by coheirs ◇ An heir's right to retrocession has been repealed. 2: the act of ceding back something (as jurisdiction) 3 a: the process by which all or part of the risks assumed in an insurance contract are reassigned or ceded by a reinsurer to another insurance company b: the amount reassigned or ceded |
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