the.com/concession

means Something you give up or grant to someone else, often grudgingly, in order to reach an agreement or keep the peace.

from From Latin concessio, built on concedere — 'to go along with, yield, grant' — itself from com- (altogether) plus cedere ('to go, withdraw, yield'), the same root that gives us 'cede' and 'precede.' The word has long carried a double life: in politics and negotiation it means yielding ground, while by the 1800s it also came to mean the literal stand or booth granted the right to sell food at a venue — both senses tracing back to that same idea of someone 'granting' you a bit of territory.