Entry Word: concession

Function: noun

Meaning: 1 the act or practice of each side giving up something in order to reach an agreement <when trying to get a raise in your allowance, itʼs good to know the art of concession>

Synonyms accommodation, compromise, give-and-take, negotiation

Related Words arrangement, bargain, deal, understanding; agreement, settlement

2 an open declaration of something (as a fault or the commission of an offense) about oneself <a concession of guilt from the governor is the only thing that will save her political career> — see confession
3 something granted as a special favor <a concession to sell their T-shirts at the village fair> — see privilege