|1.||[ noun ] (law,writing,business) a contract granting the right to operate a subsidiary business|
: "he got the beer concession at the ball park"
|Related terms:||contract franchise|
|2.||[ noun ] (law) the act of conceding or yielding|
|Related terms:||assent acceptance bye concede concede concede|
|3.||[ noun ] a point conceded or yielded|
"they won all the concessions they asked for"
|Related terms:||agreement judicial_admission sop takeaway wage_concession|