The noun concession comes in handy in negotiations — between countries, political parties, or even parents and their kids. Want a raise in your allowance? You may have to agree to do more chores as a concession before your parents will agree.

Although a concession in an argument is the act of yielding or granting something, don't get confused and think that a concession stand is called that because the workers are granting you popcorn at the baseball stadium. Concessions at a ballpark or at another venue are called that because the stadium has granted the right to sell food to a certain provider. Chew on that the next time you're munching on peanuts at a game.

Definitions of concession
  1. noun
    the act of conceding or yielding
    synonyms: conceding, yielding
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    bye, pass
    you advance to the next round in a tournament without playing an opponent
    type of:
    acquiescence, assent
    agreement with a statement or proposal to do something
  2. noun
    a point conceded or yielded
    “they won all the concessions they asked for”
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    a concession given to mollify or placate
    judicial admission, stipulation
    (law) an agreement or concession made by parties in a judicial proceeding (or by their attorneys) relating to the business before the court; must be in writing unless they are part of the court record
    a concession made by a labor union to a company that is trying to lower its expenditures
    wage concession
    an agreement to raise wages
    type of:
    the verbal act of agreeing
  3. noun
    a contract granting the right to operate a subsidiary business
    synonyms: grant
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    an authorization to sell a company's goods or services in a particular place
    type of:
    a binding agreement between two or more persons that is enforceable by law
  4. noun
    a small business that operates in a larger business or public place
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    type of:
    business, business concern, business organisation, business organization, concern
    a commercial or industrial enterprise and the people who constitute it
  5. noun
    (usually plural) refreshments or other items purchased at a small business that operates in a larger business or public place
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