Definitions

1. noun

An act of giving in or yielding something, especially to an opponent or a demand

“The company made a concession to the union’s demand for better working conditions.”

2. noun

A reduction in the amount of something, especially a tax or a price

“The government introduced a concession on the sales tax to boost consumer spending.”

3. noun

A place where something is sold at a reduced price, especially at a railway station or airport

“We stopped by the concession stand to grab a snack before the movie started.”

4. verb

To give in or yield something, especially to an opponent or a demand

“The team conceded a point to their opponents in the final game of the season.”

5. verb

To reduce the amount of something, especially a tax or a price

“The company conceded on the price of the product to attract more customers.”