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

Photos posted on social media show concession stand signs stating that free refills were available only on the day of purchase.

From Los Angeles Times

Ricardo Herrero, executive director of the Cuba Study Group, a nonpartisan policy group in Washington, said the aim of restricting oil was to force Havana "to make real concessions at the negotiating table."

From Barron's

A further concession has allowed for an implementation period of three to five months before lenders need to contact customers who may be eligible.

From BBC

Baskaran added that the Congolese mining cadastre, a digital public system used by governments to manage mineral rights, concessions and licenses, is actually quite good.

From The Wall Street Journal

But since decisions are made by consensus at the WTO, exerting pressure on this issue could be a way for India to gain concessions elsewhere.

From Barron's

Related Words

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