A concession is an arrangement where someone is given the right to sell a product or to run a business, especially in a building belonging to another business.
英汉词典释义
n.
承认, 允许,给予；许可；让步
妥协, 让步
（尤指由政府或雇主给予的）特许权，优惠
减价；（对某类人的）减价票
（在某地的）特许经营权；（有时为大型建筑物或商场中的）销售场地，摊位
英英词典释义
Noun
1. a contract granting the right to operate a subsidiary business;