Main Entry: con·ces·sion

Pronunciation: \kən-ˈse-shən\

Function: noun

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

Date: 15th century

1 a : the act or an instance of conceding b : the admitting of a point claimed in argument
2 : something conceded: a : acknowledgment, admission b : grant 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