Meaning & Definition of word "Concession"
Concession
/kənˈsɛʃən/
noun:
- 1. the act of conceding or yielding, especially in response to pressure or demands.
- Example: The management made a concession to the workers by agreeing to a pay raise after the strike.
- 2. a thing that is granted, especially in response to demands.
- Example: After lengthy negotiations, the company offered a concession to the union regarding working hours.
- 3. a section of land or property that is given to a person or party, often for specific use.
- Example: The park service awarded a concession to a company to operate the cafeteria within the national park.
- 4. a partial relinquishment of a right or privilege.
- Example: The treaty included a concession that reduced tariffs on certain goods.
Etymology
●From Latin 'concessio', meaning 'a granting or yielding'.
Common Phrases and Expressions
concession stand:
A booth selling food and drinks, typically at a public event.
make a concession:
To agree to give up something in a negotiation.
concession agreement:
A deal where one party grants rights to another.
concession speech:
A speech made by a candidate who has lost an election.
Related Words
compromise:
An agreement reached by each side making concessions.
negotiation:
Discussion aimed at reaching an agreement.
agreement:
A negotiated and typically legally binding arrangement.
Slang Meanings of concession
Meaning: A token gesture or compromise.
● Example Sentence: That change was just a concession to the critics.
Meaning: To make a small adjustment or give something up.
● Example Sentence: She made a concession on the price to close the deal.