Relinquish (verb)

Give up or abandon something, such as power, rights, or possessions.

Origin:

From relinquish meaning "give up or abandon something, such as power, rights, or possessions".

Examples:

1. The company decided to relinquish control of the subsidiary.
2. He had to relinquish his position as CEO.
3. The government was forced to relinquish its monopoly on the industry.
4. The team had to relinquish their lead in the final minutes of the game.
5. He decided to relinquish his rights to the property.