concession

B1 · Intermediate Countable noun British English

n. a lower price for a ticket or service, usually for students, children, or older people.

n. a reduction in the price of a service or ticket granted to a specific group of people.

“The museum offers a concession for students and seniors.”

“Travelers over sixty-five are eligible for a significant concession on off-peak rail fares across the national network.”

B2 · Upper Intermediate Countable noun American English

n. a small business or stand that sells things inside a larger place like a stadium or cinema.

n. a commercial operation or franchise located within the premises of a larger entity, such as a stadium, park, or airport.

“We bought some popcorn at the concession stand before the movie started.”

“The stadium's revenue increased significantly after they upgraded the food concessions to include local gourmet vendors.”

C1 · Advanced Countable noun Law Formal · Technical

n. a special right given by a government to use land or start a business.

n. a grant of land or a right to use property for a specific purpose, typically awarded by a government or local authority.

“The government granted a mining concession to the international firm.”

“The logging concession was revoked after environmental inspectors discovered that the company had exceeded its permitted harvest boundaries.”

C2 · Proficiency Law Formal · Technical

v. to give or approve something through a formal agreement.

v. to grant or approve a right or property by means of a formal concession agreement.

“The territory was concessioned to the railway company for ninety-nine years.”

“The municipal council voted to concession the operation of the public water system to a private utility provider for the next decade.”