cessio actionum
cessio actionum (sesh-ee-oh ak-shee-oh-n[schwa]m). [Latin] Roman law. The assignment of an obligation by allowing a third party to (1) sue on the obligation in the name of the party entitled to it, and (2) retain the proceeds.
cessio actionum (sesh-ee-oh ak-shee-oh-n[schwa]m). [Latin] Roman law. The assignment of an obligation by allowing a third party to (1) sue on the obligation in the name of the party entitled to it, and (2) retain the proceeds.