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Definitions from the Web

Cedent

Noun

(Insurance)

A party that transfers all or a portion of its insurance risk to another party, typically through a reinsurance agreement.

Example Sentence:

The cedent entered into a reinsurance agreement to offload some of its risk to another company.

Verb

(Obsolete)

To yield or surrender.

Example Sentence:

The captain finally agreed to cedent the disputed territory to the neighboring country.

Noun

(Legal)

A person who transfers or assigns property, rights, or claims to another.

Example Sentence:

The cedent, being the original owner, transferred the property to the buyer.

Noun

(Law)

A person who makes a gift or bequest in a will.

Example Sentence:

The cedent left a substantial amount of money to their favorite charity.

Noun

(Roman Law)

The grantor of an obligation, especially a debtor who undertakes to discharge a certain obligation to another party.

Example Sentence:

The cedent in this case was declared bankrupt, leaving the creditors with little hope of recovery.

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• Insurance Reinsurance
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• Roman Law