Concession (noun) Definition, Meaning & Examples

noun
  1. the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument: He made no concession to caution.
  2. the thing or point yielded: Management offered a shorter workweek as a concession.
  3. something conceded by a government or a controlling authority, as a grant of land, a privilege, or a franchise.
  4. a space or privilege within certain premises for a subsidiary business or service: the refreshment concession at a movie theater.
  5. any of the usually sixteen divisions of a township, each division being 10 sq. mi. (26 sq. km) in area and containing thirty-two 200-acre lots.
noun
  1. the act of yielding or conceding, as to a demand or argument
  2. something conceded
  3. a reduction in the usual price of a ticket granted to a special group of customers
  4. any grant of rights, land, or property by a government, local authority, corporation, or individual
  5. the right, esp an exclusive right, to market a particular product in a given area
  6. US and Canadian
    • the right to maintain a subsidiary business on a lessor's premises
    • the premises so granted or the business so maintained
    • a free rental period for such premises
  7. Canadian (chiefly in Ontario and Quebec)
Concession (noun) Definition, Meaning & Examples

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