1. (n.) The act of yielding to a demand, claim, or request\, and thus distinguished from giving, which is voluntary or spontaneous.

2. (n.) A thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something; as, a concession to build a canal.

abatement abatement of differences acceptance accommodation accordance acknowledgment adjustment admission agio allowance appease appreciation arrangement assuage avowal award awarding bank discount bargain bestowal bestowment boutique breakage brevet calm cash discount cession chain discount chain store charge-off charter circumscription co-op communication composition compromise conciliate conferment conferral confession contribution cooperative cop-out countinghouse country store cut deal declaration deduction deliverance delivery department store depreciation desertion of principle dime store diploma discount discount house discount store donation drawback emporium endowment establishment evasion of responsibility exception exemption extenuating circumstances five-and-ten franchise furnishment general store gifting give-and-take giving giving way grain of salt grant granting hedge hedging house impartation impartment intervene investiture kickback lean letters patent liberality liberty limitation magasin mail-order house market mart mediate mental reservation modification mollify mutual concession offer owning owning up patent penalty penalty clause percentage persuade placate post premium presentation presentment prevail price reduction price-cut profession propitiate provision qualification quiet rebate rebatement recognition reduction refund reservation restriction retail store rite of confession rollback royal grant salon salvage salvo setoff settlement shop shrift soothe special case special treatment specialness specification store subscription supermarket supplying surrender sweeten tare time discount trade discount trading post tranquilize tret unbosoming underselling understanding variety shop variety store vouchsafement waiver warehouse wareroom wholesale house write-off yielding