Of course Obama did get one concession: no second debt-ceiling vote until 2013.
This concession speech was both a tribute to his opponent and a valedictory to his lifetime of service to the country.
"Land swaps" are in fact a concession offered by Israel to the Palestinians.
mid-15c., from Old French concession (14c.) or directly from Latin concessionem (nominative concessio) "an allowing, conceding," noun of action from past participle stem of concedere (see concede). Meaning "right or privilege granted by government" is from 1650s. "Refreshment stand" sense is from 1910.