One who cedes or gives up something; a person or entity that surrenders rights, land, or property to another.
From Latin cedere (to yield) + -er suffix (one who). This agent noun has been used since medieval times in property law and treaties.
The verb 'cede' comes from the same root as 'concede' and 'recede'—all about movement away, giving ground, literally stepping back from what you held.
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