Definition, Meaning & Synonyms
concession
noun
/kənˈsɛʃ.ən/
Definition
A concession is something that is granted or given up, especially in response to demands or negotiations.
Examples
- The company made a concession to the workers by increasing their wages.
- After long discussions, the two sides reached a concession that satisfied both parties.
Meaning
It refers to the act of yielding or compromising on something, often to reach an agreement.
Synonyms
- compromise
- yielding
- grant
- concession
- concessionary
