concession

Definition

• n. a contract granting the right to operate a subsidiary business
• n. the act of conceding or yielding
• n. a point conceded or yielded

Word forms

Plural

concessions

Example sentences

1. n.

   After a long discussion, the manager made a concession to the employees' demands.

2. n.

   The government granted a concession for the new highway project to a private company.