譲歩
じょうほ · jouho · JLPT N1 · noun
concession
譲 = yield + 歩 = step: concession means yielding a step to the other side
譲 means give way or hand over, and 歩 means step. In a dispute or negotiation, a 譲歩 is giving up a step of your position to meet the other side halfway.