cede Meaning in Cambridge Business English Dictionary
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Meaning of "cede" - Business English Dictionary

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cede

verb [T]
 
 
/siːd/ formal
to give something such as control, power, or a right to someone else, especially unwillingly: She says that she is finally learning to delegate, though she's still reluctant to cede control.cede sth to sb The United States has already ceded its dominance of mass production manufacturing to low-wage countries.
(Definition of cede from the Cambridge Business English Dictionary © Cambridge University Press)
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