concession🔊

The act of conceding.

A compromise: a partial yielding to demands or requests.

Land granted by an authority for some specific purpose.

(historical) A portion of a township, especially equal lots once granted to settlers in Canada.

(historical) A territory—usually an enclave in a major port—yielded to the administration of a foreign power.

(Canada) A narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions.

(chiefly US) The premises granted to a business as a concession.

A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions.

A right to use land or an offshore area for a specific purpose, such as oil exploration.

(chiefly US) A right to operate a quasi-independent franchise of a larger company.

(chiefly US) A right to operate a quasi-independent business within another's premises, as with concessions stands.

A preferential tax rate.

(chiefly UK) A discounted price offered to certain classes of people, such as students or the elderly.

(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.

(by extension) Any admission of the validity or rightness of a point; an instance of this.

(originally US) An admission of defeat following an election.

A gift freely given or act freely made as a token of respect or to curry favor.

(chiefly US) A franchise: a business operated as a concession.

(chiefly US) An item sold within a concession or from a concessions stand.

(chiefly UK) A person eligible for a concession price.

To grant or approve by means of a concession agreement.