It basically means to give up in the end.
When something is ceded to the latter, it means that it is being transferred or given to the second of two mentioned parties. The word "latter" refers to the second of the two options or choices.
What does ceded premium mean
money
Joseph E. Johnston, who ceded some authority to P.G.T. Beauregard on account of the latter's familiarity with the terrain.
The Confederate General Joseph E. Johnston - who ceded some authority to P.G.T. Beauregard on account of the latter's intimate knowledge of the terrain.
"latter fire" refers to the Apocalypse.
Latter means in religion is to be free..^^
Union - General Irvin McDowell. Confederate - General Joseph E. Johnston, who ceded some authority to P.G.T. Beauregard, owing to the latter's familiarity with the terrain.
Spain ceded California to The United States.
Kentucky was not ceded from another country, but it was ceded from another state. It became independent from Virginia ins 1792.
General Joseph E. Johnston. He ceded some authority to General P.G.T. Beauregard, on account of the latter's intimate knowledge of the terrain.
If there are two options, the latter is the second one. By implication at least, the latter (second option) is contrasted with the former (first option).
"The second of two", from Old English. "Later" is a related word.