Concession meaning

kən-sĕsh'ən
An acknowledgment or admission.
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The privilege of maintaining a subsidiary business within certain premises.
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The space allotted for such a business.
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The business itself.

Had an ice-cream concession in the subway station.

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An act or instance of conceding, granting, or yielding.
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A thing conceded or granted; acknowledgment, as of an argument or claim.
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A privilege granted by a government, company, etc.
  • The right to use land, as for a specific purpose.
  • A government grant of land forming a subdivision of a township.
  • The right or a lease to engage in a certain activity for profit on the lessor's premises.
    A refreshment or parking concession.
  • The land, space, etc. so granted or leased.
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The act of conceding, especially that of defeat.
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Something, such as an argument, that is conceded or admitted to be wrong.
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(rhetoric) Admitting a point to strengthen one's overall case.
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The grant of some land to be used for a specified purpose.
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(chiefly US) A contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates.
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(Canada) In Ontario, a small road between tracts of farmland.
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To grant or approve by means of a concession agreement.
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The definition of concession is something granted in response to demands, or a special allowance, or is the right to use land or property granted by the owner.

When you are negotiating and you give in to something that the other side wants, this is an example of a concession.

If the government gives tax credits to special interest groups, the tax credits are an example of a concession.

If a high school gives the sports booster club the right to sell snacks at a football game, this is an example of a concession.

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The act of conceding.
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A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
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Something, such as a point previously claimed in argument, that is later conceded.
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Origin of concession

Late Middle English, from Middle French, from Latin concessionem, accusative singular of concessio (“a grant, permission, conceding”), from concedere