concession
n. countablen. something you give up or agree to during an argument to reach a deal. It is often a small change that helps both sides stop fighting.
n. a thing that is granted, especially in response to demands; a compromise made during a negotiation. Often used in political or commercial contexts to describe the yielding of a right or privilege.
The company made a small concession on pay to avoid a strike.
After hours of intense debate, the management offered a concession regarding flexible working hours to satisfy the union representatives.
The treaty was finally signed after both nations agreed to significant territorial concessions, though critics argued that these compromises undermined long-term regional stability.
From late Middle English concession, from Middle French concession, from Latin concessiō (“a grant, permission, conceding”), from concēdō. Doublet of concessio.
Commonly used with the verbs 'make', 'grant', or 'offer'.
The boss made a concession about my mistake.The boss made a concession on my working hours.A concession is a compromise in a negotiation, not an admission of a mistake or an act of forgiveness.