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concession

Pronunciation: /kənˈsɛʃən/

The English word “concession” has 19 meanings listed here.

noun

  1. The act of conceding.
  2. A compromise: a partial yielding to demands or requests.
  3. A portion of a township, especially equal lots once granted to settlers in Canada.
  4. A territory—usually an enclave in a major port—yielded to the administration of a foreign power.
  5. A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above).
  6. The premises granted to a business as a concession (see below)
  7. A right to use land or an offshore area for a specific purpose, such as oil exploration.
  8. A right to operate a quasi-independent franchise of a larger company.
  9. A right to operate a quasi-independent business within another's premises, as with concessions stands.
  10. A preferential tax rate.
  11. A discounted price offered to certain classes of people, such as students or the elderly.
  12. An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
  13. Any admission of the validity or rightness of a point; an instance of this.
  14. An admission of defeat following an election.
  15. A gift freely given or act freely made as a token of respect or to curry favor.
  16. A franchise: a business operated as a concession (see above).
  17. An item sold within a concession (see above) or from a concessions stand.
  18. A person eligible for a concession price (see above).

verb

  1. To grant or approve by means of a concession agreement.

Etymology

From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.