<p><span>To formally give up or renounce a throne or a right</span></p>
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Answer & Solution
Solution:

·         Abdicate: This is the correct term. Abdicate means to formally renounce one's throne or to fail to fulfill or undertake a responsibility or duty.

·         Assign: To officially give (someone) a job or duty; to designate or appoint.

·         Abduct: To take someone away illegally by force or deception; to kidnap.

·         Abscond: To leave hurriedly and secretly, typically to escape from custody or avoid prosecution.

 

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