See Also: cession(dictionary)
cession(dictionary)
CESSION, civil law(law)
CESSION, contracts(law)
CESSION, eccl(law)
BENEFIT OF CESSION, Civil law(law)
Finance(money)
BMW Finance N.V.(finance)
finance(encyclopedia)
finance(2)(dictionary)

Forex trade (finance) and cession (iou)


Forex trade (finance)


The practice of buying and selling foreign currency to obtain a benefit based in the currency value oscillations.





cession (iou)



cession noun. LME.
[Old & mod. French, or its source Latin cessio(n-), from cess- pa. ppl stem of cedere CEDE: see -ION.]
a. The relinquishing of title or office. LME-M18.
b. Ecclesiastical Law. The vacating of a benefice by taking another without dispensation. L16.
Ceding, giving up (of rights, property, etc., esp. of territory by a State). LME.
b. Law. The voluntary surrender by a debtor of all his or her effects to creditors. L16.
gen. Giving way, yielding. Only in 17.