1. something that is granted or yielded, typically in response to demands or as part of a compromise
2. the action of admitting or acknowledging that something is true or valid
3. a business operated under a license, especially within a larger establishment
Usage: business

Examples

• The union made several concessions during the contract negotiations.
• His concession that he was wrong surprised everyone.
• The movie theater has a popcorn concession in the lobby.
• Students receive a concession on ticket prices.
• After hours of debate, both sides agreed to make concessions.
• The candidate’s concession speech was gracious and dignified.
• She runs the ice cream concession at the beach.