What does "concession" mean?
The act of conceding.
noun, verb ·Common ·High school level
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"Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution."
"But these concessions failed, as I believe concessions to evil always do fail."
"The French Concession in Shanghai"
"Just moments ago, I spoke with George W. Bush and congratulated him on becoming the 43rd president of the United States. And I promised him that I wouldn't call him back this time... tonight, for the sake of our unity as a people and the strength of our democracy, I offer my concession."
"While the process of bringing the private sector into the railroad industry in Vietnam is probably not going to be a single step, several countries have pursued the path of concessioning their rail operations in order to reduce the public fiscal burden associated with rail subsidization and to improve a deficient service."
"We believe that you will be able to make a price concession."
The act of conceding.
Common synonyms include: grant, abatement, abatement of differences, acceptance, accommodation, accordance.
We believe that you will be able to make a price concession.
Pronounced /kənˈsɛʃən/.
From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.