What does 'secession' refer to?

The term 'secession' refers to a formal separation from an alliance or a political entity, such as a country or a federation. When a group or region decides to secede, it is essentially choosing to withdraw its membership from a larger governing body or organization, often to pursue self-governance or independence. This process is usually marked by official declarations and can sometimes lead to complex political and social implications, including conflict, negotiation, or restructuring of power.

In this context, the other options present ideas that do not align with the definition of secession. New government formation, peace treaties, and financial agreements do not capture the essence of separating from an existing political affiliation, which is central to the concept of secession.