CESSIO Meaning and
Definition
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Cessio is a Latin term that refers to the act of transferring ownership or property rights from one individual to another. It involves the surrender or relinquishment of property by one party, known as the cedent, to another party, known as the acquirer or cessionary. Cessio can take various forms depending on the specific legal context and the nature of the transaction.
In the context of Roman law, cessio was a specific legal procedure that allowed a debtor to transfer his assets to his creditors in order to satisfy his debts. It was a means of avoiding bankruptcy and liquidating one's assets while retaining a certain level of control and dignity. The debtor would voluntarily transfer his property to his creditors, who would then distribute the assets among themselves in proportion to their claims. This process was overseen by a magistrate or judicial officer and required the consent of all parties involved.
Cessio can also be used in a broader sense to refer to the transfer or assignment of any property or rights, not just in cases of debt settlement. For example, it can be used to refer to the transfer of intellectual property rights, real estate, or other tangible or intangible assets. In such cases, cessio may involve an agreement or contract between the parties, detailing the terms and conditions of the transfer and any associated obligations or liabilities.
Common Misspellings for CESSIO
- xessio
- vessio
- fessio
- dessio
- cwssio
- csssio
- crssio
- c4ssio
- c3ssio
- cessuo
- cessjo
- cessko
- cessoo
- cess9o
- cess8o
- cessii
- cessik
- cessil
- cessi0
- cessi9
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