con·ces·sion (k n-s sh n)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 conc dere, to concede; see concede.]con·ces sion·al adj.con·ces sion·ar y (-ssh-nr) adj. |
concessionary [kənˈsɛʃənərɪ]
adj
(Business / Commerce) of, granted, or obtained by a concession
n pl -aries
another word for concessionaire
Translations
concessionary
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