Concession
Pronunciation : Con*ces"sion
Part of Speech : n.
Etymology : [L. concessio, fr. concedere: cf. F. concession. See Concede.]
Definition : 1. The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous. By mutual concession the business was adjusted. Hallam.
2. A thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something; as, a concession to build a canal. This is therefore a concession , that he doth . . . believe the Scriptures to be sufficiently plain. Sharp. When a lover becomes satisfied by small compliances without further pursuits, then expect to find popular assemblies content with small concessions. Swift.
Source : Webster's Unabridged Dictionary, 1913