n.
- a thing that is conceded.
▸the action of conceding.
▸a gesture in recognition of a prevailing standard.
- a preferential allowance, rate, or price, especially for a particular category of person:
tax concessions.
- the right to use land or other property for a specified purpose.
▸a commercial operation set up within the premises of a larger concern.
Derivative
- concessional adj.
- concessionary adj.
Etymology
ME: from L. concessio(n-), from concedere (see concede).