This is the 2086th most frequent German word.
verabschieden
To say goodbye or to adopt/pass (a law or resolution).
Here, 'verabschieden' is used reflexively to mean 'to say goodbye to someone'.
Wir haben uns gestern von unseren Freunden verabschiedet.
Yesterday, we said goodbye to our friends.
In this context, 'verabschieden' means 'to pass or adopt' legislation or similar formal decisions.
Das Parlament hat das neue Gesetz verabschiedet.
The parliament passed the new law.
'verabschieden' here is used figuratively, meaning 'to resolve or determine something'.