Definition of concession noun from the Oxford Advanced American Dictionary

     

    concession

     noun
    noun
    NAmE//kənˈsɛʃn//
     
     
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  1. 1 [countable, uncountable] something that you allow or do, or allow someone to have, in order to end an argument or to make a situation less difficult The company will be forced to make concessions if it wants to avoid a strike. to win a concession from someone a major/an important concession She made no concession to his age; she expected him to work as hard as she did. see also concede
  2. 2 [uncountable] the act of giving something or allowing something; the act of conceding conceding McCain's concession speech (= when he admitted that he had lost the election)
  3. 3[countable] a right or an advantage that is given to a group of people, an organization, etc., especially by a government or an employer The Bolivian government has granted logging concessions covering 22 million hectares.
  4. 4[countable] the right to sell something in a particular place; the place where you sell it, sometimes an area that is part of a larger building or store the fast food concessions at the stadium They went to the concession stand to get a hot dog.
See the Oxford Advanced Learner's Dictionary entry: concession