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Translate files Concession
/kənˈsɛʃən/
Meaning & Definition
noun
the act of conceding or yielding, especially in response to pressure or demands.
The management made a concession to the workers by agreeing to a pay raise after the strike.
a thing that is granted, especially in response to demands.
After lengthy negotiations, the company offered a concession to the union regarding working hours.
a section of land or property that is given to a person or party, often for specific use.
The park service awarded a concession to a company to operate the cafeteria within the national park.
a partial relinquishment of a right or privilege.
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
A token gesture or compromise.
That change was just a concession to the critics.
To make a small adjustment or give something up.
She made a concession on the price to close the deal.