26984 words

concession

13 definitions • 20 examples
1
something that is allowed or given up, often in order to end a disagreement, or the act of allowing or giving this:

Examples:

Both sides involved in the conflict made some concessions in yesterday's talks.
He stated firmly that no concessions will be made to the terrorists.
2
the act of admitting defeat:

Examples:

The former president's concession came even before all the votes had been counted.
a concession speech
3
a reduction in the usual price of something, made available to students, old people, etc.:

Examples:

You can get travel concessions if you are under 26.
4
a special right to property or land
5
the right to sell a product in a particular area
6
something allowed or given up, often in order to end a disagreement, or the act of allowing or giving up something:

Examples:

[ C ] Both sides involved in the talks made concessions.
7
Concession can also be the act of admitting defeat:

Examples:

[ U ] a concession speech
8
permission to sell something, esp. in part of a store owned by someone else, or a business that sells something:

Examples:

A lot of movie theater profits come from their candy concessions.
9
something that you agree to give someone or allow them to do, especially in order to end an argument or disagreement:

Examples:

concession to sb As a concession to environmental groups, the energy giant agreed to scale down its coal plant expansion plans.
offer/make concessions We would be prepared to make concessions in order to reach an agreement.
10
a small business that is allowed to sell goods, food, or services on property owned by someone else, for example, inside an airport or a large store:

Examples:

open/operate/run a concession The furniture and homeware retailer has recently opened its first concession within a garden centre.
Fans were stocking up on hamburgers and hotdogs at the concession stand.
11
official permission to carry out a particular type of business, or to own or do work on a particular piece of property or land, given by a government or company:

Examples:

The government plans to sell a 50-year concession to operate the southeastern rail line.
award/grant a concession We are delighted to have been awarded the concession for the development of the airport.
The mining company was granted a concession agreement to mine and market diamonds.
12
a reduction for particular groups of people in the amount of money that has to be paid for something:

Examples:

Tax concessions will be made available to non-profit organizations.
13
the amount of money that an underwriter receives as payment when new shares are sold to the public for the first time:

Examples:

Investment bankers compensate members of the selling syndicate through payment of a selling concession, which is a type of sales commission.

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