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Concession

Definitions and Meaning in English

1. The act of granting or yielding something in response to a demand or request.
2. A reduction in price, fee, or charge, often granted to a specific group or under special circumstances.
3. A privilege, right, or grant, typically made by a government or authority to a person or organization.
4. The act of acknowledging or admitting something, often reluctantly, in a negotiation or discussion.

History and Origin

The word “concession” comes from the Latin concessio, meaning “a granting or yielding,” from concedere (to yield, admit). It entered the English language in the 15th century and was initially used in the context of granting rights or privileges. Over time, its meaning broadened to include the act of yielding in negotiations, offering discounts, or making compromises in various situations.

Detailed Explanation

“Concession” refers to the act of giving in, yielding, or offering something in response to a request, demand, or negotiation. It can involve granting rights, privileges, or reductions, often as part of a compromise or agreement. In business or commerce, concessions can refer to discounts or special offers made to certain groups, such as students or senior citizens. In negotiations, making a concession can be a way of acknowledging the other party’s needs or demands, and it is often part of a broader deal or agreement.

Example Sentences

1. The company made a concession by reducing the price for bulk purchases.
2. After long negotiations, the union was able to secure several important concessions from the management.
3. The government granted a concession to the company to build a new highway.
4. The concession of the argument led to a compromise between the two parties.
5. He made a concession to her request by agreeing to meet halfway.
6. The restaurant offers a concession for students, allowing them to pay a lower price.
7. The company offered concessions to customers to improve sales during the holiday season.
8. The opposing team made a concession by agreeing to the proposed changes in the game rules.
9. His concession in the debate showed that he acknowledged the other speaker’s point of view.

Synonyms with Short Explanation

1. Yielding – The act of giving way or granting something in response to pressure.
2. Grant – To give or allow something, typically in response to a request.
3. Compromise – A settlement in which both sides make concessions in order to reach an agreement.
4. Admission – Acknowledging or accepting something, often a point of argument or truth.
5. Allowing – To permit or concede something, especially after some negotiation.

Related Words with Short Explanation

1. Privilege – A special right or advantage granted to a person or group.
2. Negotiation – A discussion aimed at reaching an agreement, often involving concessions.
3. Discount – A reduction in price, often given as a form of concession.
4. Compromise – The result of making concessions in order to reach a middle ground.
5. Rebate – A partial refund or reduction in cost, often a form of concession in sales.

More Matches with Short Explanation

1. Acquiescence – The act of accepting or agreeing to something reluctantly, often similar to making a concession.
2. Concede – To admit or give in, often in the context of negotiations or arguments.
3. Reprieve – A temporary postponement or concession, especially in a legal context.
4. Surrender – The act of yielding or giving up something, often used in a context similar to concessions.
5. Pardon – The act of excusing or forgiving an offense, sometimes as part of a larger concession.

Antonyms

1. Denial
2. Refusal
3. Rejection
4. Opposition
5. Retraction