Meaning of CONCESSION in English
/ kənˈseʃn; NAmE / noun
[ 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
[ 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)
[ 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 :
Tickets are £3; there is a £1 concession for students.
Adults £2.50, concessions £2, family £5
[ 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.
[ 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
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. 2005