concession

Meanings

1. 1
   noun

   a contract granting the right to operate a subsidiary business

   I got the beer concession at the ball park.

2. 2
   noun

   a point conceded or yielded

   they won all the concessions they asked for

3. 3
   noun

   The act of conceding.

   Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution.

4. 4
   noun

   An act of conceding

   But these concessions failed, as I believe concessions to evil always do fail.

5. 5
   verb

   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 improve a deficient service.

6. 6
   noun

   the act of conceding or yielding

7. 7
   noun

   A gift freely given or act freely made as a token of respect or to curry favor.

8. 8
   noun

   A franchise: a business operated as a concession (see above).

Etymology

From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.