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concession

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noun concession pronunciation in British English /kənˈseʃ(ə)n/ 
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singularconcession
pluralconcessions
  1. 1
    [countable] something you give or allow to someone in order to reach an agreement
    make a concession:

    You have to be prepared to make concessions in a relationship.

    concession on:

    The company has already made several concessions on pay.

    concession to:

    He said there could be no concessions to the terrorists.

    1. a.
      something that you choose to do because it is sensible or convenient for the situation you are in
      concession to:

      His only concession to the formality of the occasion was to wear a tie.

  2. 2
    [countable] a right that is given to a person or group, for example to sell something or do a particular activity

    Russia has recently sold timber concessions to Japanese and Korean companies.

    Synonyms and related words for this sense of concession
  3. 3
    [countable] a reduction in the price of something for some groups of people such as students

    Tickets cost £10 (£5 concessions).

    travel concessions:

    Not all local authorities provide travel concessions for pensioners.

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