A person or entity that cedes or surrenders something, especially in legal contexts like property transfer or insurance reinsurance agreements.
From Latin cedere (to cede, give up, yield) + -ent suffix (one who does the action). Legal and formal English adopted this term for parties yielding rights or property.
In insurance, a cedent is the original insurer who passes risk to a reinsurer—it's like passing the buck up the chain when the potential disaster is too big to handle alone.
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