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    Concesión (en. Concession)

    /konθeˈsjon/

    Meaning & Definition

    EnglishSpanish
    noun
    Agreement through which rights or benefits are granted.
    The government granted a concession for the exploitation of natural resources.
    El gobierno otorgó una concesión para la explotación de recursos naturales.
    Permission or authorization that is granted.
    The company obtained the concession to operate in the area.
    La empresa obtuvo la concesión para operar en la zona.
    To yield in something, sometimes as a compromise.
    He made a concession in the negotiations to reach an agreement.
    Hizo una concesión en las negociaciones para llegar a un acuerdo.

    Etymology

    From Latin concessio, -onis.

    Common Phrases and Expressions

    administrative concession
    A type of concession granted by a public body for the use of assets.
    concesión administrativa

    Related Words

    to grant
    To give something to someone by virtue of a request or concession.
    conceder
    concessionaire
    Entity that has a concession to provide a service.
    concesionaria
    cession
    Action of yielding or transferring rights.
    cesión

    Slang Meanings

    informal concession
    Making an informal concession in a discussion is common among friends.
    Hacer una concesión informal en una discusión es común entre amigos.