concession

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.

Primary Meanings of concession

1.
n
the act of conceding or yielding
2.
n
a contract granting the right to operate a subsidiary business
Full Definitions of concession
1

n the act of conceding or yielding

Synonyms:
conceding, yielding
Types:
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

n a point conceded or yielded

“they won all the concessions they asked for”
Types:
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sop
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
takeaway
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:
agreement
the verbal act of agreeing
2

n a contract granting the right to operate a subsidiary business

“he got the beer concession at the ball park”
Synonyms:
grant
Types:
franchise
an authorization to sell a company's goods or services in a particular place
Type of:
contract
a binding agreement between two or more persons that is enforceable by law

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