From Longman Dictionary of Contemporary Englishcedecede /siːd/ verb [transitive] formalPG to give something such as an area of land or a right to a country or person, especially when you are forced tocede something to somebody Hong Kong was ceded to Britain in 1842. → cession→ See Verb table
Examples from the Corpus
cede• Mr Reichmann ceded control of Olympia & York to its creditors in 1993.• Wilson would have to resign the governorship, ceding control to Democrat Gray Davis.• So after psychiatric sessions, Angela came to Uncle Sammler to hold a seminar and analyze the pro ceding hour.• In 1842 Hong Kong was ceded outright to Great Britain.• The military has refused to cede power to elected officials.• The Supreme Soviet voted to cede responsibility for the budget to the government.• Still I find it hard to believe most men would want to cede their privilege and power on the evidence you present.• In the 1990s Mr Fujimori ceded to Mr Montesinos control of appointments in the armed forces and of the all-pervasive secret police.• The exterior of Byzantine churches is plain and simple; its appearance is ceded to the glory of the interior.• Much of the territory along the border was ceded to the United States.From Longman Business Dictionarycedecede /siːd/ verb [transitive] to officially give property, land, or rights to someone elseHe has been forced to cede control of the company.The airline plans to cede majority ownership to creditors. → see also cession→ See Verb tableOrigin cede (1500-1600) French céder, from Latin cedere “to go, withdraw, give up” 