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  2. Dictionary

    con·ces·sion
    [kənˈseSHən]
    noun
    concession (noun) · concessions (plural noun)
    1. a thing that is granted, especially in response to demands; a thing conceded:
      "the strikers returned to work having won some concessions"
    2. a preferential allowance or rate given by an organization:
      "tax 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"
    Origin
    late Middle English: from Latin concessio(n-), from the verb concedere (see concede).
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  3. People also ask
    Can a business operate a concession in another business?An individual or business operating a concession within another business's premises has been granted a license to run a subsidiary business on those premises. A local butcher operates a concession in the large general food store. The company won the concession for 7 new stores at the airport.
    What is a concession in business?In business, a concession can refer to the granting of a right or privilege to another party, such as a company granting a concession to a vendor to sell their products in a specific location. In politics, a concession can refer to a politician conceding defeat in an election or agreeing to a compromise in a negotiation.
    What does concession mean in a sentence?Concession definition: the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument. See examples of CONCESSION used in a sentence.
    What is the difference between consession and concession?Concession is the correct spelling and refers to the act of conceding or yielding to a demand or argument. It can also mean a thing that is granted, especially in response to demands. On the other hand, consession is an incorrect spelling and does not have any meaning in the English language.
     
  4. Concession Definition & Meaning - Merriam-Webster

     
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