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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 a concession in politics?In politics, a concession can refer to a politician conceding defeat in an election or agreeing to a compromise in a negotiation. It appears that there is no word in the English language spelled “consession.” It is possible that this is a misspelling of “concession,” which is a commonly used word with a clear definition.
     
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