Crossword Genius

Formally hands over (5)

Ross

I believe the answer is:

cedes

(Other definitions for cedes that I've seen before include "Surrenders or relinquishes" , "Surrenders or yields" , "Hands over formally" , "Gives way" , "Gives in, relinquishing" .)

I've seen this clue in the LA Times and the USA Today.
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