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- The word "concession" denotes "a usually exclusive right to undertake and profit by a specified activity"1. The phrase is first recorded in a classified ad seeking someone to work at a booth at the 1893 Chicago World’s Fair1. The word "concession" comes from the Latin word "concessio" meaning "an allowing, conceding"2. It is derived from the past-participle stem of "concedere" meaning "to give way, yield"2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The concession in concession stand denotes “a usually exclusive right to undertake and profit by a specified activity.” The phrase is first recorded in a classified ad seeking someone to work at a booth at the 1893 Chicago World’s Fair.www.merriam-webster.com/dictionary/concession
mid-15c., "act of granting or yielding" (especially in argumentation), from Old French concession (14c.) or directly from Latin concessionem (nominative concessio) "an allowing, conceding," noun of action from past-participle stem of concedere "to give way, yield," figuratively "agree, consent, give precedence," from con-, here perhaps an intensive prefix (see con-), + cedere "to go, grant, give way" (from PIE root *ked- "to...
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