/səkˈsɛʃənˈ/ – noun
Definition: 1. quyền kế tục, việc thừa kế, việc thừa hưởng;
2. tài sản thừa kế.
A more thorough explanation: In legal terms, “succession” refers to the process by which property, rights, and obligations are transferred from one person to another upon the death of the former owner. This transfer can occur through a will (testate succession) or according to the laws of intestacy (intestate succession) when there is no valid will in place. Succession also encompasses the inheritance of titles, positions, or roles within an organization or entity.
Example: In the event of the CEO’s sudden resignation, the company’s succession plan outlined the process for selecting a new leader.