con·ces·sion

/kənˈsɛʃən/ noun, pl -sions

1 [count] : the act of conceding something: such as

1 a : the act of giving up something or doing something in order to reach agreement

The company has been unwilling to make concessions (to the strikers) during negotiations.

1 b : the act of admitting that you have been defeated in a contest

We are waiting for his concession of the election.

The candidate made an emotional concession speech when it was clear that he had lost.

2 [count] : something that you allow or do to end a conflict or reach an agreement

The strikers have won/gained/secured some important/major concessions from the company.

3 [count] : something that is done because a particular situation makes it necessary or desirable

— + to

Her sensible shoes are a concession to comfort. [=she wears sensible shoes because they are comfortable]

He takes afternoon naps now in/as a concession to his old age.

4 US

4 a [count] : the right to sell something or do business on property that belongs to the government or to another company or person

a mining concession

4 b [count] : a small business or shop where things are sold in a public place (such as a sports stadium)

He runs a concession that sells hot dogs and hamburgers at the ballpark.

We got hot dogs at the concession stand.

4 c concessions [plural] : things sold at a concession stand

He has a license to sell concessions at the ballpark.

5 [count] Brit : a special lower price or rate

tax concessions [=tax breaks]

student concessions [=discounts]