Concession

Definition - Noun
1  : an act or instance of conceding or yielding
2  : something conceded: as
a  : See also acknowledgment See also admission
b  : something granted esp. as an inducement (as to enter into an agreement)
c  : a grant of real property esp. by a government in return for services or for a particular use (as settlement)
d  : a right to undertake a specified activity for profit on another's real property <a logging ~>
e  : a lease that grants a right to engage in a profitable activity on another's real property
also
: the property or portion of the property subject to such a lease

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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intrinsic fraud

fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud

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