Cession
The act of transferring or assigning a financial obligation or risk from one party to another, often seen in reinsurance arrangements. In F&I, it refers to dealers ceding a portion of risk to their reinsurance company.
The act of transferring or assigning a financial obligation or risk from one party to another, often seen in reinsurance arrangements. In F&I, it refers to dealers ceding a portion of risk to their reinsurance company.