concession Definition in Cambridge British English Dictionary
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Definition of "concession" - British English Dictionary

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concessionnoun

uk   us   /kənˈseʃ.ən/

concession noun (SOMETHING ALLOWED)

C2 [C or U] something that is allowed or given up, often in order to end a disagreement, or the act of allowing or giving this: Both sides involved in the conflict made some concessions in yesterday's talks. He stated firmly that no concessions will be made to the strikers.
See also
[U] the act of admitting defeat: The former president's concession came even before all the votes had been counted. a concession speech
More examples

concession noun (LOWER PRICE)

C2 [C] UK a reduction in the usual price of something, made available to students, old people, etc.: You can get travel concessions if you are under 26.

concession noun (RIGHT)

(Definition of concession from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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