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  2. It is commonly used to indicate something that has been conceded (as when the politician who loses a race gives a concession speech, or when someone makes a concession in an argument).
    www.merriam-webster.com/dictionary/concession
    something that you agree to give someone or allow them to do, especially in order to end an argument or disagreement: concession to sb As a concession to environmental groups, the energy giant agreed to scale down its coal plant expansion plans.
    dictionary.cambridge.org/us/dictionary/english/conc…
     
  3. People also ask
    What is concession?Definition of concession noun from the Oxford Advanced Learner's Dictionary [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.
    What does it mean if a firm 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. Want to learn more?
    What are concessions in negotiation?Concessions in negotiation involve relinquishing certain rights or a position in order to obtain something desirable from the other party. This give-and-take process, and the making of concessions, though reluctantly, are how deals are reached, and contracts made.
    What is a seller concession?Seller concessions are usually communicated in the offer letter and most commonly accepted when buyers have more control of the market. For buyers, seller concessions can reduce upfront closing costs or make a home purchase more affordable. For sellers, concessions can make their home more attractive to buyers to help close the deal.
     
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