cession
/ˈsɛʃən/
noun
- The act of giving up or surrendering something, such as land, rights, or property, often by formal agreement.
- After the war, the cession of the disputed islands was a key part of the peace deal.
- The treaty included the cession of a large territory to the neighboring country.
- The company's cession of its patent rights allowed the new startup to use the technology.
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