The act of conceding.
An act of conceding, particularly:
A gift freely given or act freely made as a token of respect or to curry favor.
A franchise: a business operated as a concession (see above).
(usually in the plural) An item sold within a concession (see above) or from a concessions stand.
A person eligible for a concession price (see above).
To grant or approve by means of a concession agreement.