Concession
noun, verb ·Common ·High school level
Definitions
- 1 The act of conceding. uncountable, usually
"Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution."
- 2 a contract granting the right to operate a subsidiary business wordnet
- 3 An act of conceding; A compromise: a partial yielding to demands or requests. uncountable, usually
"But these concessions failed, as I believe concessions to evil always do fail."
- 4 the act of conceding or yielding wordnet
- 5 An act of conceding; Land granted by an authority for some specific purpose; A portion of a township, especially equal lots once granted to settlers in Canada. historical, uncountable, usually
Show 16 more definitions
- 6 a point conceded or yielded wordnet
- 7 An act of conceding; Land granted by an authority for some specific purpose; A territory—usually an enclave in a major port—yielded to the administration of a foreign power. historical, uncountable, usually
"The French Concession in Shanghai"
- 8 An act of conceding; Land granted by an authority for some specific purpose; A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above). Canada, uncountable, usually
- 9 An act of conceding; Land granted by an authority for some specific purpose; The premises granted to a business as a concession (see below) US, uncountable, usually
- 10 An act of conceding; A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:; A right to use land or an offshore area for a specific purpose, such as oil exploration. uncountable, usually
- 11 An act of conceding; A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:; A right to operate a quasi-independent franchise of a larger company. US, uncountable, usually
- 12 An act of conceding; A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:; A right to operate a quasi-independent business within another's premises, as with concessions stands. US, uncountable, usually
- 13 An act of conceding; A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:; A preferential tax rate. uncountable, usually
- 14 An act of conceding; A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:; A discounted price offered to certain classes of people, such as students or the elderly. UK, uncountable, usually
- 15 An act of conceding; An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this. rhetoric, uncountable, usually
- 16 An act of conceding; Any admission of the validity or rightness of a point; an instance of this. broadly, uncountable, usually
- 17 An act of conceding; An admission of defeat following an election. uncountable, usually
"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."
- 18 A gift freely given or act freely made as a token of respect or to curry favor. uncountable, usually
- 19 A franchise: a business operated as a concession (see above). US, uncountable, usually
- 20 An item sold within a concession (see above) or from a concessions stand. US, plural-normally, uncountable, usually
- 21 A person eligible for a concession price (see above). UK, uncountable, usually
- 1 To grant or approve by means of a concession agreement.
"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."
Example
More examples"We believe that you will be able to make a price concession."
Etymology
From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.