单词 | concession |
释义 | concessionDefinitions 1. Commerce: Grant of exclusive privileges (such as to be the only seller of a good or service) by a government authority or by the owner of a singular property (such as an airport, amusement park, hotel) to a grantee. Also called a concessionaire, the grantee carries out a commercial undertaking (such as a restaurant), and pays a rent or a certain percentage of the sales or earnings to the grantor. 2. Negotiations: Yielding of a position, privilege, or right, by a party to induce the another party to respond similarly by yielding an equivalent position, right, or privilege. Use 'concession' in a SentenceThe selling party made a concession to the buyer stating that the washer, dryer, and water heater would be repaired by the selling party within 15 days of closing of the contract. The company was happy to make the minor concession as long it ensured that the contract negotiations would come to an abrupt end. International diplomats are given the concession of diplomatic immunity so that they are able to do their international duties without interruption. |
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