<p><strong>Noun:</strong></p><ul><li>the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument: He made no concession to caution.</li><li>the thing or point yielded: Management offered a shorter workweek as a concession.</li><li>something conceded by a government or a controlling authority, as a grant of land, a privilege, or a franchise.</li><li>a space or privilege within certain premises for a subsidiary business or service: the refreshment concession at a movie theater.</li><li>Canadian. any of the usually sixteen divisions of a township, each division being 10 sq. mi. (26 sq. km) in area and containing thirty-two 200-acre lots.</li></ul>