concession

[kənˈsɛʃ(ə)n]

concession Definition

a thing that is granted, especially in response to demands; a reduction made in price or cost.

Using concession: Examples

Take a moment to familiarize yourself with how "concession" can be used in various situations through the following examples!

• Example

  The company made several concessions to the union during negotiations.

• Example

  The seller offered a concession of 10% to the buyer.

• Example

  The government's concession to reduce taxes was welcomed by the public.

concession Synonyms and Antonyms

Synonyms for concession

• accommodation
• adjustment
• settlement
• agreement
• compromise

Antonyms for concession

• denial
• refusal
• rejection

Idioms Using concession

• make concessions

  to compromise or yield on certain demands or positions in order to reach an agreement

  Example

  Both sides had to make concessions in order to reach a peace agreement.

• without concession

  without making any compromises or allowances

  Example

  The company stood firm without concession on its decision to lay off employees.

• grant a concession

  to allow or give something, especially in response to a demand or request

  Example

  The government agreed to grant a concession to the protesters and reduce the tax hike.

Phrases with concession

• concession stand

  a small structure or booth where food, drinks, or other items are sold, typically at a sports event or movie theater

  Example

  I'll meet you at the concession stand after the game.

• concession speech

  a speech given by a candidate who has lost an election, conceding defeat and congratulating the winner

  Example

  After the election results were announced, the candidate gave a gracious concession speech.

• concessionaire

  a person or company that operates a concession, such as a food stand or gift shop, in a particular location

  Example

  The park's concessionaire sells snacks and souvenirs to visitors.

Origins of concession

from Latin 'concessio', meaning 'a granting'

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Summary: concession in Brief

The term 'concession' [kənˈsɛʃ(ə)n] refers to a thing that is granted, often in response to demands, or a reduction made in price or cost. It can be used in various contexts, such as business negotiations, political agreements, or sports events. Examples include 'The company made several concessions to the union during negotiations,' and 'The seller offered a concession of 10% to the buyer.' 'Concession' extends into phrases like 'concession stand,' and idioms like 'make concessions,' denoting compromise, and 'without concession,' implying no compromise.