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

Trade analysts expect the U.S. to demand more concessions from Canada as part of keeping the treaty intact.

From The Wall Street Journal

The Iranian regime is hoping to avert this through negotiations and possible concessions.

From BBC

He said "no concessions" had been extended in "sensitive areas" such as grains, spices, dairy, poultry, meat and several vegetables and fruits -- including potatoes, oranges and strawberries.

From Barron's

Among those who disagreed, some noted that savings may be limited as manufacturers aim to reduce price concessions.

From Barron's

These were supposed to be the easier of the concessions, given what the U.S. and Israel have already accomplished.

From The Wall Street Journal

Related Words

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