A more thorough explanation:

Definition: Concessimus (pronounced kuhn-ses-uh-muhs) is a Latin term used in history that means "we have granted." It is a legal term that creates a joint covenant between the grantors.

Example: In a land deed, the phrase "concessimus et vendidimus" means "we have granted and sold." This indicates that the grantors have given ownership of the land to the grantee.

Explanation: The use of "concessimus" in legal documents signifies that the grantors have willingly given up their rights to the property or item being conveyed. It creates a binding agreement between the parties involved, ensuring that the grantee has legal ownership and the grantors cannot revoke the grant.