concession
kun-SESH-unnounMeaning something given up or allowed in order to reach an agreement
Memory hook a CONE-cession: give a CONE to make a deal. Pip and Zoe both want the swing. Pip hands Zoe his ice cream cone, and she lets him swing first. The cone is his concession.
As a concession, the coach let the team choose the music for practice.
In context Neither side would budge until the landlord made a concession: she would fix the leaky roof if the tenants agreed to a slightly higher rent.
Similar compromise, allowance, accommodation, grant
Opposite demand
From Latin concessio, from concedere, “to give way”: con (thoroughly) + cedere (to yield).