concession
word
Definition
A concession is something you agree to give up or grant during a negotiation, or a special right or privilege given by an authority, such as a company being allowed to operate in a specific place.
Usage & Nuances
Used in both formal and business contexts. Common phrases: 'make a concession', 'grant a concession', 'concession stand' (AmE: snack booth). Don't confuse 'concession' (giving up), with 'concession stand' (place selling snacks). Often signals compromise or a special right during negotiations.
Example Sentences
He made a concession to end the argument.
basic
The food concession in the stadium sells popcorn.
basic
The government granted a mining concession to the foreign company.
natural
They were happy with the new concession from management.
basic
If you want an agreement, you're going to have to make some kind of concession.
natural
During the debate, both sides refused to make any concessions.
natural