Formally transfer (4)
I believe the answer is:
cede
<span class="explanation-format__ClueExplanation">'<span class="explanation-format__original">formally transfer</span>' is the definition.<br/ ><span class="explanation-format__explanation">(I've seen this in another clue)</span><br/ ><br/ >This is the entire clue.<br/ ></span>
(Other definitions for cede that I've seen before include "Yield, give way" , "Surrender or relinquish possession" , "Give up (eg, power)" , "Give away" , "Deliver" .)