Sekirov Dictionary

concession

/kənˈsɛʃən/

noun21

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

verb1

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

concessioned · concessioning · concessions

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