"practical concession" is a correct and usable phrase in written English.
You can use it to refer to a compromise that is practical, achievable, and beneficial for all parties involved. For example, "The two companies made a practical concession that allowed them to resolve their differences and move forward."
Mara wields the single vote the Giants have on league business, a practical concession made by Bob Tisch.
The house owes its existence, in part, to the ideals of LeylandAlliance, which builds communities in the New Urbanist vein, but it's also a practical concession to the distressed times.
The Purna Swaraj resolution proclaimed on January 26 , 1930 later to be celebrated as independent India's Republic Day called for "complete freedom from the British" but was later interpreted by Prime Minister Nehru as permitting India to remain within the British Commonwealth, a practical concession young Jawaharlal had often vowed he would never make.
It is believed that a rational and practical concession pricing model can create a 'win win' situation for both the private investor and the host government.
So far Mr Obama's charm offensive has produced plenty of warm words but few practical concessions.
Late sculptures high on the Guggenheim's ramps are made of stitched fabric, light and soft, suggesting practical concessions to age.
As a practical matter, any concession made to suit European regulators will be made worldwide, company officials acknowledge.
Mr. Obama agreed with the move to drop the politically fraught case, White House officials said Tuesday, but administration lawyers said it was less a considered decision than a concession to practical and legal realities.
Both can say that they have received concessions but their practical effect will be limited.
Registration offers practical and financial benefits and concessions.
One of the most visible characteristics was the 35 feet smokestack, the extreme size was more a concession to tradition than of practical advantage on a diesel-powered vessel.
