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- Concesión - meaning & definition
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Translate files Concesión (en. Concession)
/konθeˈsjon/
Meaning & Definition
EnglishSpanish
noun
Concession is an agreement by which one party grants certain powers or rights to another.
The granting of the license was a long process.
La concesión de la licencia fue un proceso largo.
A privilege or right granted after an agreement.
The granting of land to settlers was crucial for the development of the region.
La concesión de tierras a los colonos fue fundamental para el desarrollo de la región.
A reduction or modification in the initial demands of a deal.
The company offered a concession on prices to attract more customers.
La empresa ofreció una concesión en los precios para atraer más clientes.
Etymology
From Latin concessio, -onis.
Common Phrases and Expressions
land concession
Action of granting land to someone.
concesión de tierras
make a concession
Accept a reduction in the demands.
hacer una concesión
administrative concession
Permission or authorization granted by an authority.
concesión administrativa
Related Words
grant
Giving something to someone by virtue of an agreement or in fulfillment of an obligation.
conceder
dealer
Person or company that obtains a concession to exploit a service or product.
concesionario
administrative concession
Granting of a right or service by the public administration.
concesión administrativa
Slang Meanings
Reference to an informal or less strict agreement.
We made a concession at the friends' meeting to decide the dinner location.
Hicimos una concesión en la reunión de amigos para decidir el lugar de la cena.
Term used in negotiations to refer to something that is given as a concession.
That idea was a significant concession in our negotiation.
Esa idea fue una concesión significativa en nuestra negociación.