What is a concession

A thing that is granted, especially in response to demands

1.

a thing that is granted, especially in response to demands; a thing conceded.

"the strikers returned to work having won some concessions"

2.

a preferential allowance or rate given by an organization.

"tax concessions"

3.

the right to use land or other property for a specified purpose, granted by a government, company, or other controlling body.

"new logging concessions"