concession >> /kənˈsɛʃən/
Definition: [noun] A thing that is granted, especially in response to demands; a thing conceded.
Example: the strikers returned to work having won some concessions
Definition: [noun] A preferential allowance or rate given by an organization.
Example: tax concessions
Definition: [noun] The right to use land or other property for a specified purpose, granted by a government, company, or other controlling body.
Example: new logging concessions