Meaning ofconcessionin English

Noun

1. a discounted offer; preferential rate or price
   The company offered a concession to loyal customers, providing them with a 10% discount.
2. the act of yielding or giving in; conceding defeat
   The team made a concession and accepted the opponent's terms to end the dispute.
3. a compromise; partial yielding to demands
   The union made a concession to the management's request for a temporary pay cut.
4. a rural road between farmland tracts; in Ontario
   The rural concession wound its way through the countryside, passing by fields and forests.
5. an admission of an opponent's valid point (in argument)
   The politician's concession that the policy had flaws helped to regain public trust.
6. a granted privilege; right to use land
   The government granted a concession to the company to build a new resort on the island.