concession

n. 1 a conceding. B thing conceded. 2 reduction in price for a certain category of persons. 3 a right to use land etc. B right to sell goods in a particular territory.  concessionary adj. [latin: related to *concede]

n. The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.