concession

noun

Definitions of concession

something that is given up or permitted, or the act of giving up or permitting something

The party leadership says the government is planning amnesties for prisoners as a concession to Sinn Fein.

an agreement between a company and a governmental body that gives the company the right to operate a business within the government's jurisdiction, subject to certain conditions and in exchange for a fee

A concession was granted to operate the airport.