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Definition of Concession

Babylon English

giving up, yielding; something which is given up; franchise, right to use or sell something; (British) discount
Concession Definition from Language, Idioms & Slang Dictionaries & Glossaries
Webster's Revised Unabridged Dictionary (1913)
(n.)
The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.
  
(n.)
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.
  
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. About
hEnglish - advanced version

concession
\con*ces"sion\ (?), n. [l. concessio, fr. concedere: cf. f. concession. see concede.]
1. the act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous. by mutual concession the business was adjusted.
2. 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. this is therefore a concession, that he doth believe the scriptures to be sufficiently plain. rp. when a lover becomes satisfied by small compliances without further pursuits, then expect to find popular assemblies content with small concessions.
concession
n
1. a contract granting the right to operate a subsidiary business: "he got the beer concession at the ball park" [syn: grant]


2. the act of conceding or yielding [syn: conceding, yielding]


3. a point conceded or yielded; "they won all the concessions they asked for"


  similar words(1) 



 wage concession 
for Vocabulary Exams of KPDS, YDS,UDS (in Turkey); and SAT in America
Anything granted or yielded, or admitted in response to a demand, petition, or claim.
WordNet 2.0

Noun
1. a contract granting the right to operate a subsidiary business; "he got the beer concession at the ball park"
(synonym) grant
(hypernym) contract
(hyponym) franchise
2. the act of conceding or yielding
(synonym) conceding, yielding
(hypernym) assent, acquiescence
(hyponym) bye, pass
(derivation) concede, yield, cede, grant
3. a point conceded or yielded; "they won all the concessions they asked for"
(hypernym) agreement
(hyponym) sop
Concession Definition from Business & Finance Dictionaries & Glossaries
Campbell R. Harvey's Hypertextual Finance Glossary
The per-share or per-bond compensation of a selling group for participating in a corporate underwriting.
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.
Glossary of petroleum Industry
a tract of land granted by a government to an individual or company for exploration and exploitation to recover minerals.
Concession Definition from Science & Technology Dictionaries & Glossaries
EIA Energy Glossary
The operating right to explore for and develop petroleum fields in consideration for a share of production in kind (equity oil).
Source: Energy Information Administration, 2006
Oil and Gas Field Glossary
A defined licence area granted to a company for the exploration of oil and/or gas under specified terms and conditions and for a fixed period of time.
Concession Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
Concession may refer to:
  • Concession (contract) (sometimes called a concession agreement): a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate a "concession stand" within a venue
  • Concession (territory): an area within one country that is administered by another, usually conceded by a weaker country to a stronger one
  • Concession (politics): failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game".
  • Concessional loan, a loan with below-market terms
  • Concession road: a grid-based road system in Ontario and Quebec

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