concession

noun concessions

1. uncountable, usually The act of conceding. Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution.
2. uncountable, usually A compromise: a partial yielding to demands or requests. But these concessions failed, as I believe concessions to evil always do fail.
3. historical, uncountable, usually A portion of a township, especially equal lots once granted to settlers in Canada.
4. historical, uncountable, usually A territory—usually an enclave in a major port—yielded to the administration of a foreign power. The French Concession in Shanghai
5. Canada, uncountable, usually A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above).
6. US, uncountable, usually The premises granted to a business as a concession (see below)
7. uncountable, usually A right to use land or an offshore area for a specific purpose, such as oil exploration.
8. US, uncountable, usually A right to operate a quasi-independent franchise of a larger company.
9. US, uncountable, usually A right to operate a quasi-independent business within another's premises, as with concessions stands.
10. uncountable, usually A preferential tax rate.
11. UK, uncountable, usually A discounted price offered to certain classes of people, such as students or the elderly.
12. rhetoric, uncountable, usually An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
13. broadly, uncountable, usually Any admission of the validity or rightness of a point; an instance of this.
14. uncountable, usually An admission of defeat following an election. Just moments ago, I spoke with George W. Bush and congratulated him on becoming the 43rd president of the United States. And I promised him that I wouldn't call him back this time... tonight, for the sake of our unity as a people and the strength of our democracy, I offer my concession.
15. uncountable, usually A gift freely given or act freely made as a token of respect or to curry favor.
16. US, uncountable, usually A franchise: a business operated as a concession (see above).
17. US, plural normally, uncountable, usually An item sold within a concession (see above) or from a concessions stand.
18. UK, uncountable, usually A person eligible for a concession price (see above).

Similar: tithe

verb concessions · concessioning · concessioned

1. To grant or approve by means of a concession agreement. While the process of bringing the private sector into the railroad industry in Vietnam is probably not going to be a single step, several countries have pursued the path of concessioning their rail operations in order to reduce the public fiscal burden associated with rail subsidization and to impro