concession

con·ces·sion

noun \kən-ˈse-shən\

Definition of CONCESSION

1

a : the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat)

b : the admitting of a point claimed in argument

2

: something conceded or granted:

a : acknowledgment, admission

b : something done or agreed to usually grudgingly in order to reach an agreement or improve a situation

c (1) : a grant of land or property especially by a government in return for services or for a particular use (2) : a right to undertake and profit by a specified activity (3) : a lease of a portion of premises for a particular purpose; also : the portion leased or the activities carried on

— con·ces·sion·al \-ˈsesh-nəl, -ˈse-shə-n^əl\ adjective

— con·ces·sion·ary \-ˈse-shə-ˌner-ē\ adjective

Examples of CONCESSION

1. We are waiting for his concession of the election.
2. The candidate made an emotional concession speech when it was clear that he had lost.
3. The strikers have won some important concessions from the company.
4. In the big pristine forests of the Congo Basin, governments are selling logging and mining concessions to get money … —Jeff Goodell, Rolling Stone, 15 Nov. 2007
5. With him he carried a secret mandate from Prince Gauda, promising all sorts of concessions in Numidia once he was its king. —Colleen McCullough, The First Man in Rome, (1990) 1991
6. We sang exactly in the same range. There was never a concession that had to be made musically because our ranges were so totally compatible. —Rosemary Clooney, quoted in Joe Smith, Off the Record, 1988
7. As a concession to her debility she lay on an aluminum chaise longue … —John Updike, New Yorker, 23 May 1988

Origin of CONCESSION

Middle English concessyon, from Anglo-French concessioun, from Latin concession-, concessio, from concedere to concede

First Known Use: 15th century

Related to CONCESSION

Synonyms

accommodation, compromise, give-and-take, negotiation

Antonyms

disavowal, nonadmission

Related Words

haggle, horse trade; accord, arrangement, bargain, concurrence, consensus, deal, understanding; agreement, settlement; mediation, treaty

Near Antonyms

denial, disallowance, disclaimer, recantation, rejection, renouncement, repudiation

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with CONCESSION

accession, aggression, bull session, compression, confession, depression, digression, discretion, egression, expression, impression, ingression, jam session, obsession, oppression, precession, procession, profession, progression, recession, refreshen, regression, repression, secession, skull session, succession, suppression, transgression