concession

American Heritage® Dictionary of the English Language, Fourth Edition

1. n. The act of conceding.
2. n. Something, such as a point previously claimed in argument, that is later conceded.
3. n. An acknowledgment or admission.
4. n. A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
5. n. The privilege of maintaining a subsidiary business within certain premises.
6. n. The space allotted for such a business.
7. n. The business itself: had an ice-cream concession in the subway station.

Century Dictionary and Cyclopedia

1. n. The act of conceding, granting, or yielding: usually implying a demand, claim, or request from the party to whom the grant is made.
2. n. Specifically—2. In argumentation, the yielding, granting, or allowing to the opposite party of some point or fact that may bear dispute, with a view to gain some ulterior advantage, or to show that, even when the point conceded is granted, the argument can be maintained.
3. n. The thing or point yielded; a grant. Specifically applied to grants of land, privileges, or immunities made by government to individuals or companies to enable or encourage them to undertake public enterprises, as to construct railways, canals, etc.
4. n. [In parts of the United States acquired from Spain and Mexico it is used in a much broader sense, and includes entries of land and warrants of survey or location; any designation of public land by the government as assigned to private ownership or occupation.]
5. n. In China, Korea, and other countries where extraterritoriality prevails, a tract of land at or near a sea- or river-port, set apart for the use of the citizens and subjects of the treaty-nations when that port, is opened by treaty to foreign residence and trade: as, the French and British concessions at Shanghai; the British concession at Han-kau; the Foreign Concession at Tientsin, etc. Here foreigners may lease land and erect such dwellings and other buildings as are required in their business, and in most instances the right of municipal self-government has been acquired by agreement with the sovereign power.

Wiktionary

1. n. the act of conceding, especially that of defeat
2. n. something, such as an argument, that is conceded or admitted to be wrong
3. n. rhetoric Admitting a point to strengthen one's overall case.
4. n. the grant of some land to be used for a specified purpose
5. n. a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates
6. n. Canada In Ontario, a small road between tracts of farmland.

GNU Webster's 1913

1. n. The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.
2. n. A thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something.

WordNet 3.0

1. n. the act of conceding or yielding
2. n. a point conceded or yielded
3. n. a contract granting the right to operate a subsidiary business