Outright Cession definition
Outright Cession means a total transfer of ownership of the Contract. The person or institution to whom the Contract is ceded becomes the new Contract Holder. “Outright Cessionary” means the person or institution who becomes the new owner of the Contract once ceded by the Cedant in terms of an Outright Cession. “Personal Share Portfolio”/“PSP” means a selection of listed securities and/or instruments which may include shares, property, bonds and money market instruments
Outright Cession means a total transfer of ownership of the Contract. In this case, the person or institution to whom the Contract is ceded becomes the new Contract holder.
Outright Cession means a transfer of ownership. This means that the person or institution to whom the contract is ceded becomes the new Contract Bolder.
More Definitions of Outright Cession
Outright Cession means a total transfer of ownership of the Contract. The person or institution to whom the Contract is ceded becomes the new Contract Holder. “Outright Cessionary” means the person or institution who becomes the new owner of the Contract once ceded by the Cedant in terms of an Outright Cession. “Phase-In” means to introduce something gradually, to introduce something in stages over a period of time.
Outright Cession means a transfer of ownership. This means that the person or institution to whom the contract is ceded becomes the new Contract Holder.