cession

luovutus 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.

‘Rashleigh, whose occasions frequently call him elsewhere, has generously made a cession of his rights in my favour; so that I now endeavour to prosecute alone the studies in which he used formerly to be my guide.’