cede

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The term "cede" means to give up power or control of something, often referring to a formal transfer of authority, rights, or territory from one entity to another. For example, a country might cede territory to another nation through a treaty. It can also be used in a broader context, such as ceding control of a business operation or relinquishing certain privileges. If you need more specific information or context about the term, feel free to ask!