What does ceded mean in accounting?

When you cede an account to another party, you transfer all of your rights to that account to them. Depending on the account, the ceded party may receive a payment, or they may have access to the account. Some companies will cede their accounts to a vendor or service provider as a way of paying them. Others may cede accounts to their clients after the account balance reaches a certain amount.

What does ceded mean in English?

Ceded is a term used in accounting to describe an account that has been transferred from one entity to another one but without the transfer being recorded in the books. The transfer is made with the consent of the account owner, and no adjustments are made to the account balance.

What does ceded mean in Spanish?

Ceded is a word that is used in the accounting and bookkeeping world. In this context, ceded means that something has been transferred from one party to another. For example, in the event that you sell your house to a buyer, the previous owner cedes the ownership of the house to the buyer. When ceding occurs, an entry is made in the ledger that records the asset transfer.

What does ceded mean in grammar?

Ceded is a verb that means to transfer to another person or organization. It's often used in the context of a company transferring assets to a new owner. If a company has two owners, one of the owners can cede control of the company to the other owner.

What does ceded mean in computer?

Ceded means any unrefunded money given to a vendor when they return or replace defective products. This is a common occurrence in the tech industry, especially when software or hardware is provided to customers. If a company sells software to clients, they will often provide a refund to the customer if the software does not work properly. However, if the company physically returns the product, the refund is usually given. In this case, the company would report the refund as ceded revenue.