concession

/kənˈsɛʃən/
noun
  1. Something that you give up or allow in order to reach an agreement, especially after a disagreement.
    • The company made a concession to the workers by offering a shorter workweek.
    • After hours of debate, both sides agreed to a small concession on the budget.
    • He refused to make any concession, so the negotiations fell apart.
  2. A special right or permission given by a government or organization to someone to do something, such as sell goods or use land.
    • The national park issued a concession for a small hotel inside the reserve.
    • The city granted a concession to a local vendor to run a food stand in the park.
    • Oil companies often operate under a government concession in foreign countries.
  3. A reduction in price for certain groups of people, such as students or seniors.
    • The museum offers a concession for seniors on Tuesdays.
    • Students can get a concession on train tickets if they show their ID.
    • I paid the full price because I didn't qualify for a concession.
  4. A small business or stand that sells food, drinks, or other items in a public place like a stadium or theater.
    • The stadium's concession sells hot dogs and nachos.
    • She works at a concession in the amusement park every summer.
    • We bought popcorn and soda at the concession during the movie.
What does "concession" mean? | whatsthatwordmean | whatsthatwordmean