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English definition of “concession”

concession

noun  /kənˈseʃ·ən/ us  

concession noun (SOMETHING GIVEN UP)

[C/U] something allowed or given up, often in order to end a disagreement, or the act of allowing or giving up something: [C] Both sides involved in the talks made concessions. [C/U] Concession can also be the act of admitting defeat: [U] a concession speech

concession noun (SALES PLACE)

[C] permission to sell something, esp. in part of a store owned by someone else, or a business that sells something: A lot of movie theater profits come from their candy concessions.
(Definition of concession from the Cambridge Academic Content Dictionary © Cambridge University Press)
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