concession
🇺🇸
/kənˈseʃn/
🇬🇧
/kənˈseʃn/
Something you give or agree to in order to solve a disagreement or make things easier.
To avoid a strike, the company made a concession by agreeing to higher wages.
The act of giving something or allowing something to happen.
The concession of land was part of the peace agreement.
A lower price or discount offered to certain people.
Students get a concession on bus fares with their ID cards.
A special right or benefit given by a government or company.
The oil company received a concession to drill in the protected area.
A small shop or stall where things are sold, often in a larger building.
We bought popcorn at the concession stand during the movie.