Definition of Concession
Concession
con·ces·sion
Definition/Meaning
(noun)
an acceptance born from a compromise, or to yield to a demand;
e.g. It was a concession on their part to lower the price of the car in order for it to meet the customer's payment range.
(noun)
a small shop or business in a public place (such as a stadium) where things are sold;
e.g. I bought 2 hot dogs from the guy at the concession.
(noun)
an act of conceding, as if by granting;
e.g. The company will seek further concessions before signing a contract of any sort.
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