concession

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Late Middle English, from Middle French, from Latin concessionem, accusative singular of concessio (“a grant, permission, conceding”), from concedere

concession (plural concessions)

the act of conceding, especially that of defeat
something, such as an argument, that is conceded or admitted to be wrong
(rhetoric) Admitting a point to strengthen one's overall case.
the grant of some land to be used for a specified purpose
(chiefly US) 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
(Canadian) In Ontario, a small road between tracts of farmland.