concede

v. admit; yield, give up

Concession can mean either:Concession (politics): failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game".Concession (contract): a contracted-out service, as in concession stand.a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources.Concession (discount): in UK English, a price discount for a certain category of person.Concession (territory): an area within one country that is administered by another, usually conceded by a weaker country to a stronger one.Concession: a village in Nova ScotiaConcession road: a grid-based road system in Ontario and Quebec
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Verb
1. admit, make a clean breast of; "She confessed that she had taken the money"
(synonym) profess, confess
(hypernym) admit, acknowledge
2. be willing to concede; "I grant you this much"
(synonym) yield, grant
(hypernym) agree, hold, concur, concord
(hyponym) forgive
(derivation) concession, conceding, yielding
3. give over; surrender or relinquish to the physical control of another
(synonym) yield, cede, grant
(hypernym) give
(derivation) concession, conceding, yielding
4. acknowledge defeat; "The candidate conceded after enough votes had come in to show that he would lose"
(hypernym) surrender, give up
(derivation) concession, conceding, yielding

v. concede, grant, admit

v. grant, allow, concede, bestow, confer, admit, accord; yield