The concession speech.
Victory speech, concession speech and campaign speech
"The gubernatorial candidate gave his concession speech at 10 PM."
Pheonix, Arizona
The losing candidate gives a concession speech.
It is a speech made by a political when it’s clear he or she has lost an election. I think.
Barack Obama made his victory speech in Grant Park, a large park on the Chicago, Illinois lakefront. John McCain made his concession speech on the outside balcony of the Biltmore Hotel in Phoenix, Arizona.
Losers usually make a concession speech, conceding defeat by the other candidate.
One tradition Obama kept was his election day basketball game. Obama prepares both a victory speech and a concession speech for election night. He always has two speeches prepared.
Concession.
Concession letter
the person in the concession stand selling the products.