con
ce
ssion
Plural
concessions
1
a contractual agreement that grants a company or individual the right to operate a subsidiary business, such as a store or a kiosk, within the premises of another business or organization
- The airport granted a concession to a coffee chain to open a kiosk in the terminal.
- He owns the concession for the food court at the shopping mall.
- The amusement park sold the concession for snacks and drinks to a local vendor.
- The stadium is home to multiple concessions, including food and merchandise stands.
- A concession for a mobile phone service kiosk was granted in the train station.
Synonyms:
2
something granted or yielded, often reluctantly, in response to a demand or pressure
- The company made a concession on salary increases to resolve the labor dispute.
- He offered a concession by agreeing to some of the terms in the contract.
- The negotiator's concession helped finalize the peace agreement.
- The landlord made a concession by reducing the rent for the tenants.
- Their concession on several key issues led to a successful merger.