From Longman Dictionary of Contemporary Englishconcessioncon‧ces‧sion /kənˈseʃən/ ●○○ noun 1 something you allow somebody [countable]AGREE something that you allow someone to have in order to end an argument or a disagreement → concedeconcession to a policy of no concessions to terrorists The British were not prepared to make any concessions.concession on his readiness to make concessions on many of the issues raisedconcession from We will try to force further concessions from the government.major/important/substantial concession The committee has won a number of major concessions from the prison authorities.2 a right [countable, uncountable]LET/ALLOW a special right that a particular person or group of people is allowed to have, for example by the government or an employer, or the act of giving or allowing something as a right the ending of tax concessions for home owners the import/export concessions that had been granted to the islandconcession of the concession of autonomy to the universities3 price reduction [countable] British EnglishPEWCHEAP a reduction in the price of tickets, fees etc for certain groups of people, for example old people or children SYN reduction To qualify for travel concessions you have to be 60. Open daily, adults £4, concessions £2 (=people who have the right to a concession pay £2).4 change of behaviour [countable] a change in your behaviour that you make because of a particular situation or idea He took off his jacket as a concession to the heat. He made no concessions to fashion.5 business [countable] American English a) the right to have a business in a particular place, especially in a place owned by someone else The company owns valuable logging and mining concessions. b) a small business that sells things in a place owned by someone else Joe runs a hamburger concession in the mall.6 → concessionsCOLLOCATIONSverbsmake a concessionThe government made some concessions in order to satisfy the rebels.offer a concessionThe King was prepared to offer some concessions to France.win/obtain/gain/secure a concessionIn the end, the strikers returned to work having won few concessions.extract a concession (=make someone give you one)The Indian government was able to extract concessions on the price of oil.adjectivesa major/important concessionWe made some major concessions in order to protect national security.a significant/substantial concessionIsrael refused to give up Sinai without some significant concession on Egypt's part.a minor/small concessionWashington made a few minor concessions in the climate talks.a further concessionThey refused any further concessions in the argument over agricultural exports.a military/political etc concessionIn the past they have tried to exchange territorial concessions for peace.
Examples from the Corpusconcession• Tickets £2.50, concessions £1.50 at the door.• The new concession will apply to buses only.• Property owners offered concessions to attract new tenants and renters already in place received no, or modest, rent hikes.• Pensioners and disabled people get special concessions on buses and trains.• Under the previous administration, rich landowners were given generous tax concessions.• tax concessions• To ensure the Bill's smooth passage through Parliament, they readily agreed to concessions for farmers and fox hunters.• Still, executives and union leaders would surely protest such a plan and claim that such a plan would require unacceptable concessions.• Both sides made various concessions, but neither would back down on the crucial points.won ... concessions• Traditional business sectors have also won concessions.• By the end of June, however, they had apparently won no concessions from the government.• The strikers returned to work having won few concessions.• This onslaught won financial concessions but not the decisive part in the colonization of New Zealand which the company sought.concessions ... granted• Third parties are unlikely to be able to challenge concessions granted to a taxpayer.made ... concessions to• Whatever he knew about his ailment, my father made no concessions to it.• Every generous inch a military man, Groves made important concessions to Oppenheimer in the interest of getting the job done.• He had made no concessions to the seaside.• As President Boris Yeltsin has lost popularity, he has made concessions to nationalist views.• He has made a few concessions to fashion, however, notably a black beret.• He made no concessions to fashion, yet somehow he was hip and cool.• The version of emancipation which became law made many concessions to the interests of the gentry.From Longman Business Dictionaryconcessioncon‧ces‧sion /kənˈseʃən/ noun [countable]1COMMERCE the right to carry out a particular business activity, given or sold to a company by a government or other public organizationBellSouth paid B$2.65 billion for the concession to operate cellular phones in São Paulo.The company was granted a concession to build a 364 km stretch of the Warsaw-to-Berlin motorway.2American EnglishCOMMERCE a small shop in a hotel, theatre, office building etc owned and managed by another businessSnack concession sales per person at cinemas have increased.3an agreement or rule allowing someone to pay less money, tax etc than they would normally payAmerican Express offered a rate concession to Laura Ashley’s UK operations.The tax concessions apply only after the savings account has been held for five years.4American EnglishFINANCE the amount paid to an UNDERWRITER when new shares or bonds are made available for the first timea public offering of 8 million common shares, priced at $16 a share through underwriters Morgan Stanley - selling concession is 61 centsOrigin concession (1600-1700) French Latin concessio, from concedere; → CONCEDE