heirskip
/ˈɛərˌskɪp/Definitions
1. noun
A formal or ceremonial act of transferring or relinquishing a title, property, or right, especially in a court or official setting.
“The heirskip ceremony was a solemn occasion, marking the end of the family’s reign.”
2. verb
To transfer or relinquish a title, property, or right in a formal or ceremonial manner.
“The king heirskipped his throne to his eldest son in a grand ceremony.”