concession

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(kən-sĕsh'ən) pronunciation
n.
  1. The act of conceding.
    1. Something, such as a point previously claimed in argument, that is later conceded.
    2. An acknowledgment or admission.
  2. A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
    1. The privilege of maintaining a subsidiary business within certain premises.
    2. The space allotted for such a business.
    3. The business itself: had an ice-cream concession in the subway station.

[Middle English, from Latin concessiō, concessiōn-, from concessus, past participle of concēdere, to concede. See concede.]

concessional con·ces'sion·al adj.
concessionary con·ces'sion·ar'y (-sĕsh'ə-nĕr'ē) adj.



1. small shop or vending machine in a hotel or office building lobby, run by a business person.


2. right, usually granted by a government entity, to use property for a specified purpose, such as a service station on a highway.


3. reduced rent for the early portion of a lease, used as an incentive.


4. selling group’s per-share or per-bond compensation in a corporate underwriting.

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1. a business that operates within the property of another business and provides complementary goods or services.


Example: Baker is converting apartments to condominium units. In order to induce tenants to purchase their units, Baker offers a concession of a 20% discount on the sales price, available only to tenants.


2. Reduction in price, rent , or other benefit provided to a tenant or buyer as an inducement to buy or lease.

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noun

    An accommodation made in the light of special or extenuating circumstances: allowance. See agree/disagree.

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n

Definition: yielding, adjustment
Antonyms: denial, difference, disagreement, disputation, fighting, protest, refusal, repudiation

A selling group's compensation in a stock or bond underwriting agreement.

Investopedia Says:
This is usually on a per-share or per-bond basis.

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i. Permission allowed by a designated authority to operate an aircraft even when there is some shortfall in terms of serviceability of some system.
ii. Permission granted for continued use of a component for a specific period of time when it is due for servicing or replacement. This is also applicable to servicing of the complete aircraft.

Random House Word Menu:

categories related to 'concession'

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Random House Word Menu by Stephen Glazier
For a list of words related to concession, see:

Wikipedia on Answers.com:

Concession (politics)

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In politics, a concession is the act of a losing candidate publicly yielding to a winning candidate after an election, when the overall result of the vote has become clear.

Refusal to concede

Concession, per se, is entirely optional, and a candidate will sometimes refuse to concede defeat despite the vote count being against them, especially if they suspect electoral fraud. In that case the candidate would likely demand a recount of the votes or other investigations into the alleged fraud. Sometimes concession may be denied not because of any specific fraud allegations, but simply because of ill will accumulated over the campaign.

Timing of concession

If the vote is relatively close, it can be unclear when it is appropriate for a losing candidate to concede an election. On election night, pressures from a media looking for news to report, an opposition campaign anxious to declare victory, and one's own campaign unwilling to concede defeat if there is any hope of a last-minute turnaround all weigh on the decision of the losing candidate. Though a spoken concession does not necessarily deny a candidate office if there is a drastic reversal in the vote count, it does practically prevent demands for recount.

It is exceedingly rare for a concession, once issued, to be retracted; such an event occurred in the United States 2000 presidential election, when Democratic candidate Al Gore, Jr. telephoned Republican George W. Bush to concede the contest. Gore was apparently unaware of the close vote count in the state of Florida, and when he realized this, proceeded to cancel his concession address.

A losing candidate commonly offers a private concession directly to the winning candidate (usually by telephone) before any public announcement is made.

Concession speech

In the broadcast age, the concession speech of a candidate for high office reaches a wide audience, and is seen as the final swan song of a lost campaign. Out of courtesy, the winner of the campaign usually waits for a concession speech (if one is forthcoming) before delivering their own acceptance speech.

A losing candidate usually thanks their supporters for their valiant efforts, and points to the non-electoral successes of the campaign in building party strength and raising issues to attention that would not otherwise be in public discussion. It is also traditional, unless the campaign has been exceptionally bitter, to congratulate the winning candidate and wish them well in office, perhaps even offering a parting word of advice.


Translations:

Concession

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Dansk (Danish)
n. - koncession, indrømmelse, nedsat pris, bevilling, koncessionsområde

Nederlands (Dutch)
concessie, tegemoetkoming, speciale korting, toegeving

Français (French)
n. - concession, compromis, réduction, concession minière, (Comm) concessionnaire de

Deutsch (German)
n. - Zugeständnis, Konzession

Ελληνική (Greek)
n. - παραχώρηση, εκχώρηση, ειδική έκπτωση, δικαίωμα (εκ)μετάλλευσης, κατάστημα συγκροτήματος (αεροδρομίου κ.λπ.)

Italiano (Italian)
concessione

Português (Portuguese)
n. - concessão (f)

Русский (Russian)
уступка, концессия

Español (Spanish)
n. - concesión, privilegio, exención

Svenska (Swedish)
n. - medgivande, tillmötesgående, förmån, upplåtelse, koncession

中文(简体)(Chinese (Simplified))
特许, 认可, 让步

中文(繁體)(Chinese (Traditional))
n. - 特許, 認可, 讓步

한국어 (Korean)
n. - 양보 , 면허, 거류지

日本語 (Japanese)
n. - 譲歩, 譲与, 譲歩事項, 営業権, 営業場所, 利権, 許可, 免許, 租借地

العربيه (Arabic)
‏(الاسم) امتياز, ترخيص, تنازل, تساهل‏

עברית (Hebrew)
n. - ‮ויתור, זיכיון, כניעה‬


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