Concessit
Concessit is a Latin verb form derived from concedere, meaning to grant or concede. In English translation, it is usually rendered as "he granted" or "has granted." It is the third person singular perfect active indicative of concedere, a verb from the third conjugation.
Grammar and usage: Concedere forms the perfect active with the stem concess- plus the standard personal endings;
Examples and context: Concessit is used to indicate a completed grant by one party to another, for
See also: concessio (a concession or grant), concessus (granted, participle), concessum (neuter participle and noun forms).