Concede it is a handout (5)
I believe the answer is:
grant
I believe this clue is a double definition.
'concede' is the first definition.
(synonyms)
'a handout' is the second definition.
(thesaurus)
'it is' is the link.
(Other definitions for grant that I've seen before include "Agree to - bursary" , "yield" , "Make" , "nominally associated with Ulysses?" , "Give (a right); gift" .)