incession
/ɪˈses.ʃən/Definitions
1. noun
the act of leaving or giving up a position or possession; a surrender or yielding
“The company’s decision to cease operations was a painful cessation of a long-standing tradition.”
2. noun
an act of yielding or giving way, especially in a struggle or contest
“The politician’s concession speech after the election was a gracious acknowledgment of his opponent’s victory.”
3. noun
a period of time during which a particular activity or process is taking place
“The company’s period of rapid expansion was marked by an incession of new product launches.”