con·ces·sion 
(kən-sĕshən)
(kən-sĕshən)n.
1. The act of conceding.
2.
a. Something, such as a point previously claimed in argument, that is later conceded.
b. An acknowledgment or admission.
3. A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
4.
a. The privilege of maintaining a subsidiary business within certain premises.
b. The space allotted for such a business.
c. The business itself: There was an ice cream concession in the subway station.
d. A snack, drink, or other food sold at a concession: bought concessions at halftime.
[Middle English, from Latin concessiō, concessiōn-, from concessus, past participle of concēdere, to concede; see CONCEDE.]
con·cession·al adj.
con·cession·ar′y (-sĕshə-nĕr′ē) adj.