concession
/kənˈseʃən/ nounDefinition
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.
BUSINESS [C] › a special right to use buildings or land or to sell a product in a particular area, or the place where that business takes place: a concession to develop oil fields in the north
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
(Definition of concession noun from the Cambridge Learner's Dictionary
© Cambridge University Press)
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