The act of conceding. • An act of conceding • A compromise: a partial yielding to demands or requests. • Land granted by an authority for some specific purpose • A portion of a township, especially equal lots once granted to settlers in Canada. • A territory—usually an enclave in a major port—yielded to the administration of a foreign power. • A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above). • The premises granted to a business as a concession (see below) • A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly: • A right to use land or an offshore area for a specific purpose, such as oil exploration. • A right to operate a quasi-independent franchise of a larger company. • A right to operate a quasi-independent business within another's premises, as with concessions stands. • A preferential tax rate. • A discounted price offered to certain classes of people, such as students or the elderly. • An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this. • Any admission of the validity or rightness of a point; an instance of this. • An admission of defeat following an election. • A gift freely given or act freely made as a token of respect or to curry favor. • A franchise: a business operated as a concession (see above). • An item sold within a concession (see above) or from a concessions stand. • A person eligible for a concession price (see above).