Concession

//kənˈsɛʃən// noun, verb

Definitions

Noun
  1. 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. 2
    a contract granting the right to operate a subsidiary business wordnet
  3. 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. 4
    the act of conceding or yielding wordnet
  5. 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
  1. 6
    a point conceded or yielded wordnet
  2. 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"

  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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
  11. 16
    An act of conceding; Any admission of the validity or rightness of a point; an instance of this. broadly, uncountable, usually
  12. 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."

  13. 18
    A gift freely given or act freely made as a token of respect or to curry favor. uncountable, usually
  14. 19
    A franchise: a business operated as a concession (see above). US, uncountable, usually
  15. 20
    An item sold within a concession (see above) or from a concessions stand. US, plural-normally, uncountable, usually
  16. 21
    A person eligible for a concession price (see above). UK, uncountable, usually
Verb
  1. 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."

Etymology

Etymology 1

From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.

Etymology 2

From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.

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