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). CONCESSION definition: 1. something that is allowed or given up, often in order to end a disagreement, or the act of….

Understanding the Context

Learn more. CONCESSION definition: the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument. See examples of concession used in a sentence. The noun concession comes in handy in negotiations β€” between countries, political parties, or even parents and their kids.

Key Insights

Want a raise in your allowance? You may have to agree to do more chores as a concession before your parents will agree. CONCESSION meaning: 1. something that is allowed or given up, often in order to end a disagreement, or the act of…. Learn more.

Final Thoughts

A concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity. Concession (contract) (sometimes called a concession agreement), a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate a "concession stand" within a venue Her sensible shoes are a concession to comfort. [=she wears sensible shoes because they are comfortable] He takes afternoon naps now in/as a concession to his old age. A concession is an arrangement where someone is given the right to sell a product or to run a business, especially in a building belonging to another business.