Concession | Mean of concession in English Dictionary

/kənˈsɛʃən/

• Noun
• the act of conceding something: such as
• the act of giving up something or doing something in order to reach agreement
1. The company has been unwilling to make concessions (to the strikers) during negotiations.
• the act of admitting that you have been defeated in a contest
1. We are waiting for his concession of the election.
2. The candidate made an emotional concession speech when it was clear that he had lost.

• something that you allow or do to end a conflict or reach an agreement
1. The strikers have won/gained/secured some important/major concessions from the company.
• something that is done because a particular situation makes it necessary or desirable
1. Her sensible shoes are a concession to comfort. [=she wears sensible shoes because they are comfortable]
2. He takes afternoon naps now in/as a concession to his old age.
• the right to sell something or do business on property that belongs to the government or to another company or person
1. a mining concession
• a small business or shop where things are sold in a public place (such as a sports stadium)
1. He runs a concession that sells hot dogs and hamburgers at the ballpark.
2. We got hot dogs at the concession stand.
• things sold at a concession stand
1. He has a license to sell concessions at the ballpark.
• a special lower price or rate
1. tax concessions [=tax breaks]
2. student concessions [=discounts]