n. The act of conceding, granting, or yielding: usually implying a demand, claim, or request from the party to whom the grant is made.n. Specifically—2. In argumentation, the yielding, granting, or allowing to the opposite party of some point or fact that may bear dispute, with a view to gain some ulterior advantage, or to show that, even when the point conceded is granted, the argument can be maintained.n. The thing or point yielded; a grant.n. [In parts of the United States acquired from Spain and Mexico it is used in a much broader sense, and includes entries of land and warrants of survey or location; any designation of public land by the government as assigned to private ownership or occupation.]n. In China, Korea, and other countries where extraterritoriality prevails, a tract of land at or near a sea- or river-port, set apart for the use of the citizens and subjects of the treaty-nations when that port, is opened by treaty to foreign residence and trade: as, the French and British concessions at Shanghai; the British concession at Han-kau; the Foreign Concession at Tientsin, etc.