CONCESSION

'Concession' can mean either:

★ Concession (politics): failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game".

★ Concession (contract): a contracted-out service, as in concession stand.

★ a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources.

★ Concession (discount): in UK English, a price discount for a certain category of person.

★ Concession (territory): an area within one country that is administered by another, usually ''conceded'' by a weaker country to a stronger one.

★ Concession: a village in Nova Scotia

★ Concession road: a grid-based road system in Ontario and Quebec