The Collaborative International Dictionary
Cessionary
Cessionary \Ces"sion*a*ry\, a. [LL. cessionarius, from
cessionare to cede, fr. L. cessio: cf. F. cessionnaire. See
Cession.]
Having surrendered the effects; as, a cessionary bankrupt.
--Martin.
Wiktionary
cessionary
n. The person who receives transfer or cession of a personal obligation from the cedent.