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concession

/kənˈsɛʃən/ noun

In Latin: concessum Wiktionary

noun Definition from Wiktionary (CC BY-SA). Pronunciation from Wiktionary, via Kaikki.org. More about concession at Wordnik → Where our words come from →

  1. The act of conceding.
  2. An act of conceding, particularly: A compromise: a partial yielding to demands or requests. Land granted by an authority for some specific purpose, particularly: 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.
    The French Concession in Shanghai
  3. A compromise: a partial yielding to demands or requests.

verb

  1. To grant or approve by means of a concession agreement.

Origin

From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.

From Wiktionary, via Kaikki.org (CC BY-SA)