the.com/concession
Giving ground gracefully, whether at a chessboard, a podium, or a $9 popcorn counter.
means Something granted or admitted to another, often a point yielded in an argument or a right surrendered in a deal.
from From Latin concedere, to yield or withdraw — literally to go aside, stepping back so the other can pass.
Movie pricingTheaters earn most profit from concessions, not tickets.
Election ritualConcession speeches are tradition, not law, in US elections.
Tax meaningGovernments grant concessions: rights to operate or extract resources.