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English definition of “concession”

concession

noun [C/U] (SOMETHING GIVEN UP)   /kənˈseʃ·ən/
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. Concession can also be the act of admitting defeat: [U] a concession speech
(Definition of concession noun (SOMETHING GIVEN UP) from the Cambridge Academic Content Dictionary © Cambridge University Press)
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