a contract granting the right to operate a subsidiary business
"he got the beer concession at the ball park"
concession, conceding, yielding(noun)
the act of conceding or yielding
a point conceded or yielded
"they won all the concessions they asked for"
the act of conceding, especially that of defeat
something, such as an argument, that is conceded or admitted to be wrong
Admitting a point to strengthen one's overall case.
the grant of some land to be used for a specified purpose
a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates
In Ontario, a small road between tracts of farmland.
the act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous
a thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something; as, a concession to build a canal
Origin: [L. concessio, fr. concedere: cf. F. concession. See Concede.]
In international law, a concession is a territory within a country that is administered by an entity other than the state which holds sovereignty over it. This is usually a colonizing power, or at least mandated by one, as in the case of colonial chartered companies. Usually, it is conceded, that is, allowed or even surrendered by a weaker state to a stronger power. For example, the politically weak and militarily helpless Qing China in the 19th century was forced to sign several so-called Unequal Treaties by which it gave, among other rights, territorial concessions to numerous colonial powers, European as well as Japan, creating a whole host of territorial concessions in China in addition to even more numerous treaty ports where China retained territorial control. However, just as with permanent sales of territory, there are cases when concession has been entered upon voluntarily by a power which could have resisted the demand, believing the arrangement to their mutual interest, or as part of a more complexly balanced deal. In the many cases where the terms of the contract provides for similar terms as an ordinary property lease, notably a term limited in time and usually an indemnity sum, the territory can be called more precisely a lease territory or leased territory. Many of the concessions in China were leased.
Chambers 20th Century Dictionary
kon-sesh′un, n. the act of conceding: the thing conceded: a grant.—adj. Conces′sible.—n. Concessionaire′, one who has obtained a concession.—adj. Conces′sionary.—n. Conces′sionist.—adj. Conces′sive, implying concession. [Concede.]
British National Corpus
Rank popularity for the word 'concession' in Nouns Frequency: #2004
The numerical value of concession in Chaldean Numerology is: 6
The numerical value of concession in Pythagorean Numerology is: 8
Sample Sentences & Example Usage
We hope to apply for the extraction concession next year.
When an infrastructure concession expires, that has value, and we are not using that value today in Chile.
We had some delays with the concession agreements so we moved the date to Dec. 3, investors have been notified.
It seems there may be a trend of airport concession in Japan, we will look at it naturally with priority with Orix.
We are going into negotiations on this principle, we are not entering talks (based on) anything else. There will be no concession.
Images & Illustrations of concession
Translations for concession
From our Multilingual Translation Dictionary
- концесия, отстъпкаBulgarian
- Einraeumen, Zugeständnis, Gewerbeerlaubnis, Eingeständnis, gewährtes Grundstück, KonzessionGerman
- παραχώρηση, εκχώρησηGreek
- myöntäminen, toimilupaFinnish
- î̟ncuviințare, teren concesionat, concesie, concesiere, concesiune, concesie profesionalăRomanian
- koncession, medgivande, eftergiftSwedish
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