concession

noun con·ces·sion \kən-ˈse-shən\

Definition of CONCESSION

a : the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat)

b : the admitting of a point claimed in argument

: something conceded or granted:

a : acknowledgment, admission

b : something done or agreed to usually grudgingly in order to reach an agreement or improve a situation

c (1) : a grant of land or property especially by a government in return for services or for a particular use (2) : a right to undertake and profit by a specified activity (3) : a lease of a portion of premises for a particular purpose; also : the portion leased or the activities carried on

— con·ces·sion·al \-ˈsesh-nəl, -ˈse-shə-n^əl\ adjective

— con·ces·sion·ary \-ˈse-shə-ˌner-ē\ adjective

See concession defined for English-language learners

See concession defined for kids

Examples of CONCESSION

In the big pristine forests of the Congo Basin, governments are selling logging and mining concessions to get money … —Jeff Goodell, Rolling Stone, 15 Nov. 2007
With him he carried a secret mandate from Prince Gauda, promising all sorts of concessions in Numidia once he was its king. —Colleen McCullough, The First Man in Rome, (1990) 1991
We sang exactly in the same range. There was never a concession that had to be made musically because our ranges were so totally compatible. —Rosemary Clooney, quoted in Joe Smith, Off the Record, 1988
As a concession to her debility she lay on an aluminum chaise longue … —John Updike, New Yorker, 23 May 1988
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Origin of CONCESSION

Middle English concessyon, from Anglo-French concessioun, from Latin concession-, concessio, from concedere to concede

First Known Use: 15th century

Related to CONCESSION

Synonyms: accommodation, compromise, give-and-take, negotiation

Antonyms: disavowal, nonadmission

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with CONCESSION

accession, aggression, bull session, compression, confession, depression, digression, discretion, egression, expression, impression, ingression, jam session, obsession, oppression, precession, procession, profession, progression, recession, refreshen, regression, repression, secession, skull session, succession, suppression, transgression

CONCESSION Defined for Kids

concession

noun con·ces·sion \kən-ˈse-shən\

Definition of CONCESSION for Kids

: the act or an instance of giving up or admitting something <a concession of defeat> <His one concession to the temperature was that we work indoors … — Katherine Paterson, Jacob Have I Loved>

: something given up <The employees won concessions from the company.>

: a right to engage in business given by an authority <a mining concession>

: a small business where things are sold (as at a sports facility or public place)