concession
noun
[ kənˈsɛʃ(ə)n ]
• a thing that is granted, especially in response to demands.
• "the government was unwilling to make any further concessions"
Similar:
compromise,
adjustment,
modification,
allowance,
exception,
point conceded,
point lost,
forfeit,
something surrendered,
sop,
• a preferential allowance or rate given by an organization.
• "tax concessions"
• the right to use land or other property for a specified purpose, granted by a government, company, or other controlling body.
• "new logging concessions"
Origin:
late Middle English: from Latin concessio(n- ), from the verb concedere (see concede).
