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  2. Dictionary

    con·ces·sion
    [kənˈseSHən]
    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
    What does concession mean?The meaning of CONCESSION is the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat). How to use concession in a sentence. Meanings of Concession
    What does it mean if a company is forced to make concessions?[countable, uncountable] something that you allow or do, or allow somebody to have, in order to end an argument or to make a situation less difficult The firm will be forced to make concessions if it wants to avoid a strike. She made no concession to his age; she expected him to work as hard as she did.
    What is a concession agreement?A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms. Concession agreements often involve contracts between the nongovernmental owner of a facility and a concession owner, or concessionaire.
    What is a concession in a department store?In a department store, a concession is a business with a license or contract to operate another business within the store. The company is an established concession in a busy mid-market ladies fashion retailer at the local mall. The retailer has 26 stores, concessions in 15 department stores and a presence in 8 stores through other partnerships.
     
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