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to cede
01
to hand over power, land, or a position to another, particularly due to being forced
02
to yield or surrender control or possession of something, often through a formal agreement or treaty
Example
The country is reluctantly ceding control of its key industries.
The defeated nation was required to cede a significant portion of its territory to the victorious country.
The CEO, under public scrutiny, decided to cede his position to a more experienced leader for the company's sake.
The ruler has recently ceded power to a democratically elected government.
Faced with economic challenges, the country had no choice but to cede control of its key industries to foreign investors.
