con·ces·sion n1: an act or instance of conceding or yielding2: something conceded: asa: acknowledgment admissionb: something granted esp. as an inducement (as to enter into an agreement)c: a grant of real property esp. by a government in return for services or for a particular use (as settlement)d: a right to undertake a specified activity for profit on another's real propertya logging concessione: a lease that grants a right to engage in a profitable activity on another's real property; also: the property or portion of the property subject to such a lease
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
allowance, authority, authorization, bestowal, clearance, concessio, conferment, conferral, endowment, giving, grant, impartment, leave, license, permission, permit, presentation, privilege, sanction, vouchsafement, warrant
acceptance, accord, acknowledgment, acquiescence, admission, admitting, agreement, allowance, assent, capitulation, concurrence, giving in, grant, granting, recognition, recognizance, reconciliation, relinquishment, settlement, submission, surrender, yielding
accord, acknowledgment (acceptance), acquiescence, admission (disclosure), advancement (loan), appropriation (allotment), cession, compliance, compromise, conciliation, consent, consignment, copyright, disclosure (act of disclosing), disclosure (something disclosed), expense (sacrifice), franchise (license), grace, grace period, grant, sufferance
Burton's Legal Thesaurus. William C. Burton. 2006
USAA governmental authorization granted to a private company to construct, develop or operate a government-owned asset such as a toll road, a bridge or a mine for an agreed time period. At the end of the concession term, the asset reverts to the control and management of the government until a new concession is issued. The concession, depending on the asset, can take the form of a lease, agreement, license, permit or mining title. A concession is generally long term (50, 75 or 99 years) to compensate the private party for its investment in the asset.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.