admission

/ədˈmɪʃən/ noun

Definition

› [C or U] something that you say or do that shows that you know you have done something dishonest or have not succeeded in doing something: admission that The chairman's statement is the first public admission that the board may be considering breaking up the company.admission of guilt/responsibility/failure Many members of the public view the resignation of the authority's chief executive as an admission of guilt.by sb's own admission By the CEO's own admission, the company's strategy of pursuing global growth has not been a success.

› [U] official permission that is given to a person, company, or country to join a large organization: The European Union promises admission to any country that meets the criteria for membership.admission to sth Admission to the World Trade Organization should improve our economic prospects.admission of sb We always welcome the admission of new members.apply for/gain admission (to sth) Over 5,000 students apply for admission to our graduate business program each year.deny/refuse admission (to sth) Despite existing shortages, the number denied admission to nursing schools is high.admission process/requirement/standard Recent changes in the system have led to tougher admission standards.

› [U] COMMERCE the price that you pay to go to a public place such as a museum or theatre, or to attend a public event such as a concert or sports game: Tickets are $15 for general admission and $7 for students.admission to sth The government is committed to extending the principle of free admission to our national museums and galleries. admission charge/fee/price

› [U] STOCK MARKET official permission that is given to a company to sell its shares on a stock market: admission to sth Shares were heavily traded before and after the company's admission to the index, arousing suspicions of insider dealing.

(Definition of admission noun from the Cambridge Business English Dictionary © Cambridge University Press)