recede

1 [ri-seed]
verb (used without object), receded, receding.
1.
to go or move away; retreat; go to or toward a more distant point; withdraw.
2.
to become more distant.
3.
(of a color, form, etc., on a flat surface) to move away or be perceived as moving away from an observer, especially as giving the illusion of space. Compare advance ( def 15 ).
4.
to slope backward: a chin that recedes.
5.
to draw back or withdraw from a conclusion, viewpoint, undertaking, promise, etc.

Origin:
1470–80; < Latin recēdere to go, fall back, equivalent to re- re- + cēdere to withdraw, go; see cede


5. retire, retreat.
Dictionary.com Unabridged

recede

2 [ree-seed]
verb (used with object), receded, receding.
to cede back; yield or grant to a former possessor.

Origin:
1765–75; re- + cede

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
recede (rɪˈsiːd)
 
vb
1.  to withdraw from a point or limit; go back: the tide receded
2.  to become more distant: hopes of rescue receded
3.  to slope backwards: apes have receding foreheads
4.  a.  (of a man's hair) to cease to grow at the temples and above the forehead
 b.  (of a man) to start to go bald in this way
5.  to decline in value or character
6.  (usually foll by from) to draw back or retreat, as from a promise
 
[C15: from Latin recēdere to go back, from re- + cēdere to yield, cede]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Etymonline
Word Origin & History

recede
1480, from M.Fr. receder, from L. recedere "to go back, withdraw," from re- "back" + cedere "to go" (see cede).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
For all the strife at the dawn of a new millennium, one enduring source of
  conflict may be receding.
Receding hairlines and other signals of where the economy is heading.
If you see the ocean receding unusually rapidly or far it's a good sign that a
  big wave is on its way.
Glaciers are receding worldwide, sea levels are rising, flora and fauna are
  adapting by shifting their ranges poleward.
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