Definition

1. Noun:
   • Something that is granted or yielded, especially in response to a demand or as part of a compromise: A concession is a point, right, or privilege that is given up or allowed, often during negotiations.
   • The act of conceding or yielding: The process or action of admitting something is true or valid, or of giving up a position or claim.
   • A special right or privilege granted by a government or authority to operate a business, often in a specific location: A contract or license allowing a company or individual to sell goods or services on property owned by another entity.

Examples of Usage

• Noun (as something yielded):

  • The management made several concessions to the union during the contract talks.
  • As a concession to her busy schedule, the meeting was shortened.

• Noun (as the act of yielding):

  • His concession of defeat was gracious and dignified.
  • The treaty required the concession of territory by the defeated nation.

• Noun (as a business right):

  • They operate the hot dog concession at the stadium.
  • The company won the concession to develop the mineral resources in the region.

Advanced Usage

• "to make a concession": to agree to or allow something, often reluctantly.

  • In order to reach a deal, both sides had to make significant concessions.

• "concession speech": a public speech in which a politician formally admits defeat in an election.

  • The candidate delivered a heartfelt concession speech after the results were announced.

Variants and Related Words

• Concede (verb): To admit that something is true or valid, or to yield or grant something.

  • He finally conceded that he had made a mistake.

• Concessive (adjective): Expressing concession or admitting a point.

  • "Although" is a concessive conjunction.

Synonyms

• Compromise: A settlement of differences by mutual concessions.
• Allowance: Something, such as money or a privilege, granted or given.
• Grant: A sum of money or a right given for a particular purpose.

Related Phrases

• Concession stand: A small booth or counter where food, drinks, or souvenirs are sold, typically at a sports venue, theater, or fair.

  • Let's get popcorn from the concession stand before the movie starts.

• Tax concession: A reduction in tax offered by a government as an incentive.

  • The government introduced tax concessions for renewable energy investments.

Noun

1. a point conceded or yielded
   • they won all the concessions they asked for
2. the act of conceding or yielding
3. a contract granting the right to operate a subsidiary business
   • he got the beer concession at the ball park