concession

American  

[kuhn-sesh-uhn] / kənˈsɛʃ ən /

noun

1. the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument.

   He made no concession to caution.

2. the thing or point yielded.

   Management offered a shorter workweek as a concession.

3. something conceded by a government or a controlling authority, as a grant of land, a privilege, or a franchise.

4. a space or privilege within certain premises for a subsidiary business or service.

   the refreshment concession at a movie theater.

5. Canadian. any of the usually sixteen divisions of a township, each division being 10 sq. mi. (26 sq. km) in area and containing thirty-two 200-acre lots.

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concession British  

/ kənˈsɛʃən /

noun

1. the act of yielding or conceding, as to a demand or argument

2. something conceded

3. a reduction in the usual price of a ticket granted to a special group of customers

   a student concession

4. any grant of rights, land, or property by a government, local authority, corporation, or individual

5. the right, esp an exclusive right, to market a particular product in a given area

6. 1. the right to maintain a subsidiary business on a lessor's premises

   2. the premises so granted or the business so maintained

   3. a free rental period for such premises

7. 1. a land subdivision in a township survey

   2. another name for concession road

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Other Word Forms

• concessible adjective
• concessional adjective
• nonconcession noun
• preconcession noun
• proconcession adjective
• subconcession noun

Etymology

Origin of concession

First recorded in 1605–15; 1910–15 concession for def. 4; from Latin concēssiōn- (stem of concēssiō ), equivalent to concēss(us) (past participle of concēdere ”to concede ”) + -iōn- -ion

Example Sentences

Anthropic could have made a concession without giving up its larger principles.

From The Wall Street Journal

It’s “a persistent pattern generally attached to nefarious tricks such as channel stuffing, aggressive revenue recognition or extended payment terms used as sales concessions,” Burry said in a recent Substack post.

From MarketWatch

The move comes shortly before a 5:01 p.m. deadline for Anthropic to let the military use its models in all lawful use cases, a concession the company has refused to make.

From The Wall Street Journal

The labor law is different: It requires votes, signaling Milei might have the support—and necessary willingness to make concessions—to pursue tougher changes ahead, including tax and pension overhauls, political analysts here said.

From The Wall Street Journal

He also has made it clear that he wasn’t opposed to missing games to gain more concessions.

From The Wall Street Journal

Related Words

• acknowledgment
• admission
• compromise
• deal
• grant
• permit
• privilege