Usually used in formal statements, like legal documents or serious discussions about authority. The constitution stipulates that the president may cede power only under specific circumstances.
Pro Tip 2/3
Complete Transfer
'Cede' implies a complete and often permanent transfer of something, like sovereignty or ownership. The defeated ruler had to cede his throne and all his lands to the conqueror.
Pro Tip 3/3
Not Temporary
Unlike 'lend' or 'lease', 'cede' means the transfer is not intended to be temporary. The country didn't lend the territory but ceded it forever.