cessionary

[ sesh-uh-ner-ee ]
/ ˈsɛʃ əˌnɛr i /

noun, plural ces·sion·ar·ies. Law.

an assignee or grantee.

Origin of cessionary

1605–15; < Medieval Latin cessiōnārius, equivalent to cessiōn- cession + -ārius -ary

British Dictionary definitions for cessionary

cessionary
/ (ˈsɛʃənərɪ) /

noun plural -aries

law a person to whom something is transferred; assignee; grantee