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Definition
concession   Show phonetics
noun
1 AGREEMENT [C,U] something that you agree to do or give to someone in order to end an argument
Both sides will have to make concessions.

2 BUSINESS [C] a special right to use buildings or land or to sell a product in a particular area
a concession to develop oil fields in the north

3 LOW PRICE [C] UK a reduction in the price of a ticket for a particular group of people such as students, people without a job, or old people

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