Concession
Part of speech: noun
Definition: the act of conceding, especially that of defeat something, such as an argument, that is conceded or admitted to be wrong Admitting a point to strengthen one's overall case. the grant of some land to be used for a specified purpose a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates In Ontario, a small road between tracts of farmland.
Example sentence: When you sell a prospecting concession, you're only selling potential. You pay tolls for the right to invest and look for something.
Grant
Part of speech: noun
Definition: The act of granting; a bestowing or conferring; concession; allowance; permission.The yielding or admission of something in dispute.The thing or property granted; a gift; a boon.A transfer of property by deed or writing; especially, au appropriation or conveyance made by the government; as, a grant of land or of money; also, the deed or writing by which the transfer is made.
Part of speech: verb
Definition: To give over; to make conveyance of; to give the possession or title of; to convey; -- usually in answer to petition.To bestow or confer, with or without compensation, particularly in answer to prayer or request; to give.To admit as true what is not yet satisfactorily proved; to yield belief to; to allow; to yield; to concede.To assent; to consent.
Example sentence: Heaven grant us patience with a man in love.