concession

Noun
  1. A contract granting the right to operate a subsidiary business (synset 106538610)
    "he got the beer concession at the ball park"
    is a type of: contract - a binding agreement between two or more persons that is enforceable by law
    subtypes: franchise - an authorization to sell a company's goods or services in a particular place
    same as: grant
  2. The act of conceding or yielding (synset 107190894)
    is a type of: acquiescence, assent - agreement with a statement or proposal to do something
    subtypes: bye, pass - an automatic advance to the next round in a tournament without playing an opponent
    same as: conceding, yielding
  3. A point conceded or yielded (synset 107231072)
    "they won all the concessions they asked for"
    is a type of: agreement - the verbal act of agreeing
    subtypes:
    • sop - a concession given to mollify or placate
    • judicial admission, stipulation - (law) an agreement or concession made by parties in a judicial proceeding (or by their attorneys) relating to the business before the court; must be in writing unless they are part of the court record
    • takeaway - a concession made by a labor union to a company that is trying to lower its expenditures
    • wage concession - an agreement to raise wages

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