concession
Meanings
noun
- The act of conceding.
- An act of conceding
- A compromise: a partial yielding to demands or requests.
- Land granted by an authority for some specific purpose
- A portion of a township, especially equal lots once granted to settlers in Canada.
- A territory—usually an enclave in a major port—yielded to the administration of a foreign power.
- A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above).
- The premises granted to a business as a concession (see below)
- A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:
- A right to use land or an offshore area for a specific purpose, such as oil exploration.
- A right to operate a quasi-independent franchise of a larger company.
- A right to operate a quasi-independent business within another's premises, as with concessions stands.
verb
- To grant or approve by means of a concession agreement.
Pronunciation
Word forms
Etymology
From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.
Synonyms
Related words
Derived words
Translations
This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.