Concession

Definition

Concession refers to the act of yielding or granting something, especially in response to demands or as part of a negotiation. It can also describe a right or privilege given by an authority, such as a business or government.

Parts of Speech

• Noun (the act of granting or yielding something)

Pronunciation

American English

• IPA Pronunciation: /kənˈsɛʃən/
• Respelling: kuhn-SESH-uhn

British English

• IPA Pronunciation: /kənˈsɛʃən/
• Respelling: kuhn-SESH-uhn

Etymology

The word "concession" comes from the Latin word "concessio," meaning "granting or yielding." It is derived from the verb "concedere," which is composed of "con-" (together) and "cedere" (to go or yield), indicating the act of yielding or giving up something.

Derivatives

• Concede (verb)
• Concessive (adjective)
• Concessionaire (noun)
• Conceding (adjective/verb)
• Non-concession (noun)

Synonyms

• Yielding
• Grant
• Compromise

Antonyms

• Denial
• Refusal
• Rejection

Usage

The term "concession" is often used in the context of negotiations, where one party agrees to grant or yield something to another. For example, "The union agreed to several concessions during the contract negotiations." It can also refer to a specific right or privilege granted by an authority, such as "The company was given a mining concession by the government."

Related Terms

• Compromise: An agreement reached by each side making concessions.
• Allowance: A specified amount or portion granted.
• Negotiation: The process of discussing something to reach an agreement.

Detailed Definitions

Noun

• The act of yielding or giving up something: Refers to agreeing to let go of a demand or granting something in the course of negotiation.
  • Example: "The government made a significant concession to the protesters."
• A right or privilege granted: Refers to a specific right given by an authority, often in business or government contexts.
  • Example: "They secured a concession to operate a food stand at the stadium."