Meaning

• 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).

Meaning

• To grant or approve by means of a concession agreement.