Concession

Webster's Dictionary of the English Language

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

II. Concession ·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; as, a concession to build a canal.