ˌre.trəˈsēd sometimes ˌrē.t- verb
Etymology: Latin retrocedere, from retro- + cedere to go — more at cede
intransitive verb
: to go back : recede
transitive verb
[French rétrocéder, from Medieval Latin retrocedere, from Latin, to go back]
1. : to cede back (a territory or jurisdiction)
there is hereby retroceded to the state of New Mexico the exclusive jurisdiction heretofore acquired from the state of New Mexico by the United States — U.S.Code
2. : to reassign (all or a part of a risk) to another reinsurer