concession

[kuhn-sesh-uhn]

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.

concession

/ 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

Other Word Forms

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

Word History and Origins

Origin of concession¹

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

Word History and Origins

Origin of concession¹

C16: from Latin concēssiō an allowing, from concēdere to _concede

Example Sentences

That increase has made it easier for some buyers to negotiate lower prices or other concessions.

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The 50% tariff rate also looks like a tactic to force concessions in trade talks with New Delhi.

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Hyphen would use only a small portion of the roughly 1,500-square-mile land concession granted by Namibia, with 90% of planned construction taking place outside sensitive areas of the park, Raffinetti said.

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“Suspending the pension reform would be a humiliating concession for Macron,” said Mujtaba Rahman, head of Europe for risk consulting firm Eurasia.

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Offering direct sales of products already discounted for Medicaid patients or largely covered by health-insurance plans is a small concession to stave off a larger threat of tariffs.

Read more on Barron's

Related Words

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