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

The Chinese firms will recover their investment through toll fees under a 30-year concession.

Read more on Barron's

The agents conversely granted Mr. Lowell had made “good faith legal arguments”—a token concession.

Read more on The Wall Street Journal

“There can be no question of any concessions, or any surrender of our approaches to those key points,” Ryabkov told reporters in Moscow on Wednesday.

Read more on Salon

This is a modest concession to the oil and gas sector which has been lobbying hard ahead of the Budget, arguing it faces a grim future under the current regulation.

Read more on BBC

Twenty-five years ago, when the United States was its main trading partner, "Brazil would have had to make significant concessions," said Stuenkel.

Read more on Barron's

Related Words

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