What does the cryptic crossword clue "About to surrender and withdraw (6)" mean?

The definition is "withdraw". The wordplay uses a charade (building blocks). RE (abbreviation="About") + CEDE (synonym="surrender") = RECEDE; definition: "withdraw" The answer is RECEDE.

About to surrender and withdraw (6)

Daily Mail Cryptic #16438 | 7 Down | 2020-11-03 flower

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