Definitions

1. noun

A person or entity to whom a right, title, or interest is conveyed through cession, especially a person or entity to whom a sovereign grants territory or sovereignty.

“The cessionaire of the disputed territory was a French nobleman with ties to the royal court.”

2. noun

A person or entity to whom a right, title, or interest is conveyed, especially a person or entity to whom an insurance company pays out a claim or settlement.

“The cessionaire of the insurance claim was a family member who had been affected by the insured event.”