concession

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun The act of conceding.
• noun Something, such as a point previously claimed in argument, that is later conceded.
• noun An acknowledgment or admission.
• noun 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.
• noun The privilege of maintaining a subsidiary business within certain premises.
• noun The space allotted for such a business.
• noun The business itself.

from The Century Dictionary.

• noun The act of conceding, granting, or yielding: usually implying a demand, claim, or request from the party to whom the grant is made.
• noun 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.
• noun The thing or point yielded; a grant.
• noun [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.]
• noun 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.

from the GNU version of the Collaborative International Dictionary of English.

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

from Wiktionary, Creative Commons Attribution/Share-Alike License.

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

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun the act of conceding or yielding
• noun a point conceded or yielded
• noun a contract granting the right to operate a subsidiary business