Cede (verb)

1. To give up, transfer, or surrender possession or control of something to another person or entity.
2. To abandon or renounce a claim or right to something.

Origin:

From the latin word 'cedere' meaning to yield or to surrender, the term has been in use since the 16th century.

Examples:

1. The company ceded control of the subsidiary to the new management team.
2. The country ceded the disputed territory to its neighbor after years of negotiations.
3. The company was forced to cede its intellectual property rights to the government as part of the settlement.
4. The politician ceded his seat in the parliament after being accused of corruption.
5. The author ceded the rights to his books to the publishing company, allowing them to be printed and distributed worldwide.