Cessionary
/sɪˈseɪʃəˌnɛri/
Definitions
- (n.) A person or party to whom rights, property, or interests are legally transferred.
The cessionary received ownership of the land after the agreement was signed.
Related terms
See also
Commentary
Used predominantly in legal contexts involving the transfer of rights or property; often contrasted with assignor, the transferor.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.