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Concession
01
a contractual agreement that grants a company or individual the right to operate a subsidiary business, such as a store or a kiosk, within the premises of another business or organization
02
something that is done, allowed, or allowed to have in order to put an end to a disagreement; the act of giving or allowing this
03
a point conceded or yielded
Example
Their concession on several key issues led to a successful merger.
The landlord made a concession by reducing the rent for the tenants.
The negotiator's concession helped finalize the peace agreement.
He offered a concession by agreeing to some of the terms in the contract.
The company made a concession on salary increases to resolve the labor dispute.
