concession
Pronunciation
  • IPA: /kənˈsɛʃən/
Noun

concession (uncountable)

  1. The act of conceding.
    • circa 1472 October, Rolls of Parliament, Edward IV, 2nd Roll, §8:
      Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution.
    • 1876, James Bowling Mozley, Sermons Preached before the University of Oxford, v, 130:
      In this country... civil war has been forestalled by opportune concession.
  2. An act of conceding, particularly:
    1. A compromise: a partial yielding to demands or requests.
      • 1865, John Bright, Speeches of John Bright, M.P., on the American Question, p. 174:
        But these concessions failed, as I believe concessions to evil always do fail.
    2. Land granted by an authority for some specific purpose, particularly: anchor township
      1. (historical) A portion of a township, especially equal lots once granted to settlers in Canada.
      2. (historical) A territoryusually an enclave in a major portyielded to the administration of a foreign power.
        The French Concession in Shanghai
      3. (Canadian) A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above).
      4. (chiefly, US) The premises granted to a business as a concession (see below)
    3. A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:
      1. A right to use land or an offshore area for a specific purpose, such as oil exploration. anchor franchise
      2. (chiefly, US) A right to operate a quasi-independent franchise of a larger company. anchor premises
      3. (chiefly, US) A right to operate a quasi-independent business within another's premises, as with concession stands.
      4. A preferential tax rate. anchor fare
      5. (chiefly, UK) A discounted price offered to certain classes of people, such as students or the elderly.
    4. (rhetoric) An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
    5. (by extension) Any admission of the validity or rightness of a point; an instance of this.
    6. (originally US) An admission of defeat following an election.
      • 2000 December 13, Al Gore, Concession Speech ↗:
        Just moments ago, I spoke with George W. Bush and congratulated him on becoming the 43rd president of the United States. And I promised him that I wouldn't call him back this time... tonight, for the sake of our unity as a people and the strength of our democracy, I offer my concession.
  3. A gift freely given or act freely made as a token of respect or to curry favor.
  4. (chiefly, US) A franchise: a business operated as a concession (see above).
  5. (chiefly, US, usually, in the plural) An item sold within a concession (see above) or from a concession stand.
  6. (chiefly, UK) A person eligible for a concession price (see above).
Synonyms
  • (granting a request) tithe (obs.)
  • (a smaller business operating under another's aegis) See franchise
Translations Translations Translations
  • German: gewährtes Grundstück
  • Portuguese: concessão
  • Russian: концессия
Translations
  • German: Gewerbeerlaubnis
  • Portuguese: concessão
  • Russian: конце́ссия
Verb

concession (concessions, present participle concessioning; past and past participle concessioned)

  1. To grant or approve by means of a concession agreement.
    • 2000, Private Solutions for Infrastructure: Opportunities for Vietnam, World Bank Publications (ISBN 9780821348321), page 82
      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.
    • 2007, International Monetary Fund, Kenya: Poverty Reduction Strategy Annual Progress Report - 2003/2004, International Monetary Fund, page 24
      [A] consultant was contracted for one year to prepare the legal and administrative framework for concessioning selected roads to the private sector and is expected to complete the framework in July 2005.



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