concession
n//kənˈsɛʃən//eftergift, medgivande, koncession
(rhetoric) An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
(by extension) Any admission of the validity or rightness of a point; an instance of this.
(Canadian) A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above).
A right to use land or an offshore area for a specific purpose, such as oil exploration.