Concession

1. n. 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.
2. n. The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.