concede
[ C ] COMMERCE
a small business that is allowed to sell goods, food, or services on property owned by someone else, for example, inside an airport or a large store:
open/operate/run a concessionThe furniture and homeware retailer has recently opened its first concession within a garden centre.
Fans were stocking up on hamburgers and hotdogs at the concession stand.
airport/hotel/stadium concessions
[ C ] COMMERCE
official permission to carry out a particular type of business, or to own or do work on a particular piece of property or land, given by a government or company:
The government plans to sell a 50-year concession to operate the southeastern rail line.
award/grant a concessionWe are delighted to have been awarded the concession for the development of the airport.
The mining company was granted a concession agreement to mine and market diamonds.
[ C ]mainly UK
a reduction for particular groups of people in the amount of money that has to be paid for something:
give/offer concessionsMany railways offer fare concessions for passengers with disabilities.
Tax concessions will be made available to non-profit organizations.
[ C ] FINANCE, STOCK MARKET
the amount of money that an underwriter receives as payment when new shares are sold to the public for the first time:
Investment bankers compensate members of the selling syndicate through payment of a selling concession, which is a type of sales commission.

Examples of concession

concession
Perhaps, from that perspective, even the interests of those viewing paintings have to make certain concessions.
Without really challenging hierarchy they still squeezed concessions out of village leaders, turning a weakness into strength.
There could be no concessions to totalitarian enemies.
Several potential state aids in the form of exclusive rights concessions were also revealed.
This helps to explain the raft of social reform and other concessions introduced after democratization in both countries.
Neither of these concessions will prove fatal to the attempt to render recognition pride and humility compatible with one another.
This may provide opportunities for entry of animal-contaminated water to concessions in low-pressure situations or when valves are incorrectly closed.
This tight link between concessions and mills is the reason for the inclusion of the harvest constraint in the model.
Similar considerations inhibited governments from issuing official warnings to opposition newspapers or from withdrawing their publishing concession.
The government therefore kept the deliberations secret prior to enacting the decree, and included some concessions to potential critics.
These concessions may be more costly to make prior to an election than afterwards.
This is consistent with their reluctance to see the regulatory frameworks and concession contracts modified or renegotiated.
Their interests do not coincide perfectly with the central authority that distributed timber concessions.
However, this is only a technical concession, and using different common notions of clauses would not change our results.
Extensive lists were published showing that leading politicians, their families, and numerous associates controlled millions of hectares of concessions.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.

Collocations withconcession

concession

These are words often used in combination with concession.

Click on a collocation to see more examples of it.

additional concession
There cannot be great mechanical difficulties standing in the way of this additionalconcession being made.
From the
Hansard archive