What does cessione in Italian mean?

What is the meaning of the word cessione in Italian? The article explains the full meaning, pronunciation along with bilingual examples and instructions on how to use cessione in Italian.

The word cessione in Italian means transfer, assignment, assignment of claim, salary-backed loan, transfer of receivables, factoring. To learn more, please see the details below.

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Meaning of the word cessione

transfer, assignment

sostantivo femminile (il cedere, vendita)

(noun: Refers to person, place, thing, quality, etc.)
La cessione di questo immobile con vista mare è stata molto semplice.
The transfer of this property with a sea view was very straightforward.

assignment of claim

salary-backed loan

(an employee loan repayment unique to Italy)

(noun: Refers to person, place, thing, quality, etc.)

transfer of receivables

(noun: Refers to person, place, thing, quality, etc.)

factoring

sostantivo femminile (tipo di contratto)

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Do you know about Italian

Italian (italiano) is a Romance language and is spoken by about 70 million people, most of whom live in Italy. Italian uses the Latin alphabet. The letters J, K, W, X and Y do not exist in the standard Italian alphabet, but they still appear in loanwords from Italian. Italian is the second most widely spoken in the European Union with 67 million speakers (15% of the EU population) and it is spoken as a second language by 13.4 million EU citizens (3%). Italian is the principal working language of the Holy See, serving as the lingua franca in the Roman Catholic hierarchy. An important event that helped to the spread of Italian was Napoleon's conquest and occupation of Italy in the early 19th century. This conquest spurred the unification of Italy several decades later and pushed the language of the Italian language. Italian became a language used not only among secretaries, aristocrats and the Italian courts, but also by the bourgeoisie.