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concession

   Also found in: Legal, Financial, Wikipedia 0.02 sec.
con·ces·sion  (kn-sshn)
n.
1. The act of conceding.
2.
a. Something, such as a point previously claimed in argument, that is later conceded.
b. An acknowledgment or admission.
3. A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
4.
a. The privilege of maintaining a subsidiary business within certain premises.
b. The space allotted for such a business.
c. The business itself: had an ice-cream concession in the subway station.

[Middle English, from Latin concessi, concessin-, from concessus, past participle of concdere, to concede; see concede.]

con·cession·al adj.
con·cession·ary (-ssh-nr) adj.

concession
Noun
1. any grant of rights, land, or property by a government, local authority, or company
2. a reduction in price for a certain category of person: fare concessions for senior citizens
3. the act of yielding or conceding
4. something conceded
5. Canad
a. a land subdivision in a township survey
b. same as concession road [Latin concedere to concede]
concessionary adj
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.concessionconcession - a contract granting the right to operate a subsidiary business; "he got the beer concession at the ball park"
contract - a binding agreement between two or more persons that is enforceable by law
franchise - an authorization to sell a company's goods or services in a particular place
2.concession - the act of conceding or yielding
assent, acquiescence - agreement with a statement or proposal to do something; "he gave his assent eagerly"; "a murmur of acquiescence from the assembly"
bye, pass - you advance to the next round in a tournament without playing an opponent; "he had a bye in the first round"
3.concession - a point conceded or yielded; "they won all the concessions they asked for"
agreement - the verbal act of agreeing
sop - a concession given to mollify or placate; "the offer was a sop to my feelings"
judicial admission, stipulation - (law) an agreement or concession made by parties in a judicial proceeding (or by their attorneys) relating to the business before the court; must be in writing unless they are part of the court record; "a stipulation of fact was made in order to avoid delay"
takeaway - a concession made by a labor union to a company that is trying to lower its expenditures
wage concession - an agreement to raise wages

concession
Translations
Spanish concession [kənˈsɛʃən] nconcesión f (= price concession); descuento;
tax concession → privilegio fiscal

French concession [kənˈsɛʃən] n (= compromise) → concession f (= reduced price); réduction f;
tax concession → dégrèvement fiscal;
"concessions" → tarif réduit

German concession [kənˈsɛʃən] nZugeständnis nt, Konzession f;
(Comm) → Konzession;
tax concession → Steuervergünstigung f

Italian concession [kənˈsɛʃən] nconcessione f

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We have a right here, having discovered this cavern, and we claim it under a concession of the Honduras Government.
We have little patience with those liberal clergy who dwell on nothing else than the difficulties of faith and the propriety of concession to the opposite force.
Her hair, black but plentifully shot with grey, was brushed plainly back from her high forehead, and was gathered under a small round felt hat, like that of a man, with one sprig of feather in the band as a concession to her sex.
 
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