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Noun concession has 3 senses
  1. concession, grant - a contract granting the right to operate a subsidiary business; "he got the beer concession at the ball park"
    --1 is a kind of contract
    --1 has particulars: franchise
  2. concession, conceding, yielding - the act of conceding or yielding
    --2 is a kind of assent, acquiescence
    --2 has particulars: bye, pass
    Derived forms: verb concede3, verb concede4, verb concede2
  3. concession - a point conceded or yielded; "they won all the concessions they asked for"
    --3 is a kind of     agreement
    --3 has particulars:
     sop; stipulation, judicial admission; takeaway; wage concession
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