👉 In the context of accounting, a "cede" is a type of transfer of an asset or liability from one party to another. It typically occurs when a company sells a portion of its assets or liabilities and transfers them to another entity in exchange for cash, less any gain realized on the sale. The term "cedes" can also refer to the act of giving up something by transferring it to someone else, especially if that person is not in possession of it. For example, a c