concession

noun

1. (uncountable, usually)The act of conceding.

   “Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution.”

   “In this country... civil war has been forestalled by opportune concession.”

2. (uncountable, usually)An act of conceding

   “But these concessions failed, as I believe concessions to evil always do fail.”

3. (historical, uncountable, usually)An act of conceding
4. (historical, uncountable, usually)An act of conceding

   “The French Concession in Shanghai”

5. (Canada, uncountable, usually)An act of conceding
6. (US, uncountable, usually)An act of conceding
7. (uncountable, usually)An act of conceding
8. (US, uncountable, usually)An act of conceding
9. (US, uncountable, usually)An act of conceding
10. (uncountable, usually)An act of conceding
11. (UK, uncountable, usually)An act of conceding
12. (rhetoric, uncountable, usually)An act of conceding
13. (broadly, uncountable, usually)An act of conceding
14. (uncountable, usually)An act of conceding

    “Just moments ago, I spoke with George W. Bush and congratulated him on becoming the 43rd president of the United States. And I promised him that I wouldn't call him back this time... tonight, for the sake of our unity as a people and the strength of our democracy, I offer my concession.”

15. (uncountable, usually)A gift freely given or act freely made as a token of respect or to curry favor.
16. (US, uncountable, usually)A franchise: a business operated as a concession (see above).
17. (US, plural-normally, uncountable, usually)An item sold within a concession (see above) or from a concessions stand.
18. (UK, uncountable, usually)A person eligible for a concession price (see above).

verb

1. To grant or approve by means of a concession agreement.

   “While the process of bringing the private sector into the railroad industry in Vietnam is probably not going to be a single step, several countries have pursued the path of concessioning their rail operations in order to reduce the public fiscal burden associated with rail subsidization and to improve a deficient service.”

   “[A] consultant was contracted for one year to prepare the legal and administrative framework for concessioning selected roads to the private sector and is expected to complete the framework in July 2005.”