Source : Webster's Revised Unabridged Dictionary (1913)

Concede \Con*cede"\, v. t. [imp. & p. p. {Conceded}; p. pr. &
   vb. n. {Conceding}.] [L. concedere, concessum; con- + cedere
   to go along, give way, yield: cf. F. conc['e]der. See
   {Cede}.]
   1. To yield or suffer; to surrender; to grant; as, to concede
      the point in question. --Boyle.

   2. To grant, as a right or privilege; to make concession of.

   3. To admit to be true; to acknowledge.

            We concede that their citizens were those who lived
            under different forms.                --Burke.

   Syn: To grant; allow; admit; yield; surrender.

Concede \Con*cede"\, v. i.
   To yield or make concession.

         I wished you to concede to America, at a time when she
         prayed concession at our feet.           --Burke.

Source : WordNet®

concede
     v 1: admit, make a clean breast of; "She confessed that she had
          taken the money" [syn: {profess}, {confess}]
     2: be willing to concede; "I grant you this much" [syn: {yield},
         {grant}]
     3: give over; surrender or relinquish to the physical control
        of another [syn: {yield}, {cede}, {grant}]
     4: acknowledge defeat; "The candidate conceded after enough
        votes had come in to show that he would lose"