cessionary in the Oxford-Paravia Italian Dictionary

Translations for cessionary in the English»Italian Dictionary (Go to Italian»English)

Translations for cessionary in the Italian»English Dictionary (Go to English»Italian)

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cessionario (cessionaria)
cessionary

Monolingual examples (not verified by PONS Editors)

English
It is in substance an act of transfer or "oordragshandeling" by means of which the transfer of a right ("translatio juris") from the cedent to the cessionary is achieved.
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The cedent can not cede the same claim more than once; nor can he confer upon the cessionary any greater right than the cessionary has himself.
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Once the obligation of the debtor is transferred, the cessionary is entirely substituted.
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It is therefore usually in the cessionary's interest to serve the debtor with notice.
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It is an agreement to divest the cedent of the right and vest it in the cessionary.
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