retrocession

retrocession.

1. The act of ceding something back (such as a territory or jurisdiction). [Cases: United States

3. C.J.S. United States §§ 9–15.]

2. The return of a title or other interest in property to its former or rightful owner.

3. The process of transferring all or part of a reinsured risk to another reinsurance company; reinsurance of reinsurance. • Subsequent retrocessions are referred to as first retrocession, second retrocession, and so on.

4. The amount of risk that is so transferred.

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词条贡献者

资深译员Barbara，毕业于国内顶尖的高级翻译学院，擅长翻译各类与兼并收购相关的法律文件。