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Concession

kənˈsɛʃn

Concession definitions
noun
concession concessions
  1. a thing that is granted, especially in response to demands

    "the government was unwilling to make any further concessions"

    • the action of conceding or granting something

      "this strict rule was relaxed by concession"

    • a gesture made in recognition of a demand or prevailing standard

      "her only concession to fashion was her ornate silver ring"

  2. a preferential allowance or rate given by an organization

    "tax concessions"

    • a reduction in the price of something for a certain category of person

      "railcard holders can obtain concessions"

  3. the right to use land or other property for a specified purpose, granted by a government, company, or other controlling body

    "new logging concessions"

    • a commercial operation set up by agreement within the premises of a larger concern

      "the concessions will offer photo processing and a pharmacy"

    • the right, given by a company, to sell goods, especially in a particular place
    • a piece of land into which surveyed land is divided