con·cede / kənˈsēd/ • v. [tr.] 1. admit that something is true or valid after first denying or resisting it: that principle now seems to have been conceded. ∎  admit (defeat) in a contest: he conceded defeat. ∎  [tr.] admit defeat in (a contest).2. [tr.] surrender or yield (something that one possesses): to concede all the territory he'd won. ∎  grant (a right, privilege, or demand). ∎  (in sports) fail to prevent the scoring of (a goal or point) by an opponent: the coach conceded three safeties rather than kick into the wind. ∎  allow (a lead or advantage) to slip. ∎  [intr.] make a concession: Zoie conceded with a grin and went with Jay.DERIVATIVES: con·ced·er n.

concede XVII. — F. concéder or its source L. concēdere withdraw, yield; see CON- and CEDE.
So concession XVI.