1. A contract granting the right to operate a subsidiary business
   "he got the beer concession at the ball park";
   - grant
    
2. The act of conceding or yielding
   "His concession of the election was gracious and timely";
   - conceding, yielding
    
3. A point conceded or yielded
   "they won all the concessions they asked for"
    
4. The grant of some land to be used for a specified purpose
   "The government granted a concession for mining in the area"

Derived forms: concessions

Type of: acquiescence, agreement, assent, contract

Encyclopedia: Concession, Zimbabwe