lostPresidency

Given a predicate that represents a relationship or action between entities, generate a one-sentence description explaining its meaning.  
# Instructions
Focus on describing the relationship, not the entities themselves. 
# Response Format
Begin the description with \' Indicates...\'

Predicate: lostPresidency

Indicates that an entity who previously held a presidency position has ceased to hold that office, typically as a result of an election or other loss of power.