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

These concessions de-escalated the war and saved tens of thousands of lives.

From Los Angeles Times

France has described Kohler and Paris as "state hostages" taken by Tehran in a bid to extract concessions.

From Barron's

"It could be more concessions in the nuclear talks. It could be to stop the crackdown. It also could be to try to implement reforms that lead to… some sort of sanctions relief."

From BBC

"The New Zealand FTA makes concessions on agricultural produce like apples, even though farmers here may have concerns," said an Indian commerce ministry official, who declined to be identified.

From Barron's

However, an updated analysis on Wednesday, which accounted for major concessions made by ministers, said it will now cost companies £1bn a year.

From BBC

Related Words

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