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English definition of “concession”

concession

noun (RIGHT)    /kənˈseʃ.ən/
[C] a special right to property or land Mortgages and real estateRenting, hiring and hire purchase in general Renting property [C] the right to sell a product in a particular area Selling
(Definition of concession noun (RIGHT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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