concession

noun C1

Meaning

A concession is a grant or compromise made by one party to another, often in negotiations or discussions, that acknowledges the opposing party's position or demands, typically in order to reach an agreement or resolve a conflict. It reflects a strategic d
💡 The term "concession" can sometimes be misused to imply a complete surrender rather than a strategic compromise; it is important to distinguish between yielding certain points and relinquishing overall goals.

Example Sentences

The company made a concession to reduce prices for loyal customers .
The company made a concession to resolve the dispute quickly .
The company made a concession to secure the important contract .
The government made a concession to address the environmental concerns raised .

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