concession The right to use a host country’s land and its resources for a given time period in return for taxes, royalties and/or payment in kind. Related Related Articles: Glossary: most favored nation (MFN) treatmentWhy You Might Not Use Bitcoin at AMCBeer Cans and Aluminum TariffsWhy We Should Buy Popcorn at the Movies Ann Mills Share This Previous Articlebilateral aid Next Articlecreative destruction December 17, 2020