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Learn to pronounce con·ces·sion

/kənˈseSH(ə)n/
noun
  1. a thing that is granted, especially in response to demands; a thing conceded.
    "the strikers returned to work having won some concessions"
    synonyms: compromise, adjustment, modification, allowance, exception, point conceded, point lost, forfeit, something surrendered, sop
  2. a preferential allowance or rate given by an organization.
    "tax concessions"
  3. the right to use land or other property for a specified purpose, granted by a government, company, or other controlling body.
    "new logging concessions"
    synonyms: right, privilege, favor, license, permit, franchise, warrant, authorization

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The meaning of CONCESSION is the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat) ...

Concession

Contract
A concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity. Public services such as water supply may be operated as a concession. Wikipedia
something that you agree to give someone or allow them to do, especially in order to end an argument or disagreement: concession to ...
/kənˈsɛʃɪn/ · noun. the act of conceding or yielding · noun. a point conceded or yielded · noun. a contract granting the right to operate a subsidiary business.
Sep 20, 2023 · One of Florida's top private golf courses. Built on a tradition of sportsmanship, camaraderie and excellence.
noun · disavowal · denial · rejection · repudiation · nonadmission · disallowance · disclaimer · recantation · renouncement.
In politics, a concession is the act of a losing candidate publicly yielding to a winning candidate after an election after the overall result of the vote ...
noun · the act of yielding or conceding, as to a demand or argument · something conceded · a reduction in the usual price of a ticket granted to a special group ...
A concession is an arrangement where someone is given the right to sell a product or to run a business, especially in a building belonging to another business.
CONCESSION meaning: 1 : the act of conceding something: such as; 2 : the act of giving up something or doing something in order to reach agreement.
A concession agreement is a contract between a company and a government, or other property owner, to operate a business in a particular location.