Handover, in the political-historical sense, often refers to the transfer of power of former colonies (particularly those of former British colonies) to the local people.

noun . the act of relinquishing property, authority, etc.: a handover of occupied territory.

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n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military ...