Meaning of CONCESSION in English

CONCESSION

/ kənˈseʃn; NAmE / noun

1.

[ C , U ] something that you allow or do, or allow sb to have, in order to end an argument or to make a situation less difficult :

The firm will be forced to make concessions if it wants to avoid a strike.

to win a concession from sb

a major / an important concession

She made no concession to his age; she expected him to work as hard as she did.

—see also concede

2.

[ U ] the act of giving sth or allowing sth; the act of conceding :

the concession of university status to some colleges

( especially NAmE )

Dole's concession speech (= when he admitted that he had lost the election)

3.

[ C , usually pl. ] ( BrE ) a reduction in an amount of money that has to be paid; a ticket that is sold at a reduced price to a particular group of people :

tax concessions

Tickets are £3; there is a £1 concession for students.

Adults £2.50, concessions £2, family £5

4.

[ C ] a right or an advantage that is given to a group of people, an organization, etc., especially by a government or an employer :

The Bolivian government has granted logging concessions covering 22 million hectares.

5.

[ C ] the right to sell sth in a particular place; the place where you sell it, sometimes an area which is part of a larger building or store :

the burger concessions at the stadium

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WORD ORIGIN

late Middle English : from Latin concessio(n-) , from the verb concedere , from con- completely + cedere yield.

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.