succession

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suc⋅ces⋅sion

[suh

k-sesh-uh

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–noun

1.	the coming of one person or thing after another in order, sequence, or in the course of events: many troubles in succession.

2.	a number of persons or things following one another in order or sequence.

3.	the right, act, or process, by which one person succeeds to the office, rank, estate, or the like, of another.

4.	the order or line of those entitled to succeed one another.

5.	the descent or transmission of a throne, dignity, estate, or the like.

6.	Also called ecological succession. Ecology. the progressive replacement of one community by another until a climax community is established.

Origin:
1275–1325; ME < L successiōn- (s. of successiō) a following (someone) in office, equiv. to success(us), ptp. of succēdere to succeed + -iōn- -ion

Related forms:

suc⋅ces⋅sion⋅al, adjective

suc⋅ces⋅sion⋅al⋅ly, adverb

Synonyms:
2. See series.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To succession

suc·ces·sion (sək-sěsh'ən)

The act or process of following in order or sequence.
A group of people or things arranged or following in order; a sequence: "A succession of one-man stalls offered soft drinks" (Alec Waugh). See Synonyms at series.
1. The sequence in which one person after another succeeds to a title, throne, dignity, or estate.
2. The right of a person or line of persons to so succeed.
3. The person or line having such a right.
4. The act or process of succeeding to the rights or duties of another.
5. The act or process of becoming entitled as a legal beneficiary to the property of a deceased person.
1. The act or process of succeeding to the rights or duties of another.
2. The act or process of becoming entitled as a legal beneficiary to the property of a deceased person.
Ecology The gradual and orderly process of ecosystem development brought about by changes in community composition and the production of a climax characteristic of a particular geographic region.

[Middle English, from Old French, from Latin successiō, successiōn-, from successus, past participle of succēdere, to succeed; see succeed.]
suc·ces'sion·al adj., suc·ces'sion·al·ly adv.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

succession

c.1325, from O.Fr. succession (13c.), from L. successionem (nom. successio) "a following after, a coming into another's place, result," from successus, pp. of succedere (see succeed). Successive is attested from c.1425.

Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Succession

The action of one party, person or product being replaced by another that has become obsolete, incapacitated, retired or deceased. Ideally, a successor will fill the role of its predecessor, being fully compatible with all other entities in place and perfectly functional without any interruption in service.

Investopedia Commentary

Since the Sarbanes-Oxley Act, planning for succession of a executive officer in a corporation has become a very important issue in the field of corporate governance. Ensuring that, in the event of a problem with one employee, a company will continue to function adequately creates tremendous value for shareholders.

Family succession is the passing of one person's assets and role in the family onto an heir.

With the increasing pace of technological change, when new products replace old ones, it is important those new ones can fill the role of the old products without interruption in service and without the need to replace other functional elements of a network of products.

Legal Dictionary

Main Entry: suc·ces·sion
Pronunciation: s&k-'se-sh&n
Function: noun
1 a : the order in which or the conditions under which one person after another succeeds to a property, dignity, position, title, or throne succession to the presidency> b : the right of a person or line of ancestry to succeed c : the line of ancestry having such a right
2 a : the act or process of following in order b : the act or process of one person's taking the place of another in the enjoyment of or liability for rights or duties or both
3 : the act or process by which a person becomes entitled to the property or property interest of a deceased person and esp. an intestate : the transmission of the estate of a decedent to his or her heirs, legatees, or devisees; also : the estate of the deceased including assets and liabilities —used chiefly in the civil law of Louisiana

intestate succession
1 : the transmission of property or property interests of a decedent as provided by statute as distinguished from the transfer in accordance with the decedent's will; also : the operation of such statutory provisions in transmitting intestate property intestate succession>
2 in the civil law of Louisiana : property that is not disposed of by will but by operation of statute intestate succession —Louisiana Civil Code>

testate succession
: the transmission of property in accordance with a valid will

vacant succession
in the civil law of Louisiana : an estate that has not been claimed, of which the heirs are unknown, or that has been renounced by all of the heirs
4 a : the continuance of a corporation's status as a legal person succession> b : the act or process by which one corporation assumes ownership of another succession —Saul Berkowitz>
5 : the act or process by which one state takes over or follows upon another and becomes entitled to its rights and position in international law

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»delectation

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