concession

Universal Words noun 1 [C,U] something that you allow or do, or allow sb to have, in order to end an argument or to make a situation less difficult: The firm will be forced to make concessions if it wants to avoid a strike. * to win a concession from sb * a major / an important concession * She made no concession to his age; she expected him to work as hard as she did. seealsoCONCEDE 2 [U] the act of giving sth or allowing sth; the act of CONCEDING: the concession of university status to some colleges * (especially AmE) Dole's concession speech (= when he admitted that he had lost the election) 3 [C,usually pl.] (BrE) a reduction in an amount of money that has to be paid; a ticket that is sold at a reduced price to a particular group of people: tax concessions * Tickets are ｣3; there is a ｣1 concession for students. * Adults ｣2.50, concessions œ2, family ｣5 4 [C] a right or an advantage that is given to a group of people, an organization, etc., especially by a government or an employer: The Bolivian government has granted logging concessions covering 22 million hectares. 5 [C] (especially AmE) the right to sell sth in a particular place; the place where you sell it, sometimes an area which is part of a larger building or store: the burger concessions at the stadium * They went to the concession stand to get a hot dog.