concession

concession
con·ces·sion n
1: an act or instance of conceding or yielding
2: something conceded: as
a: acknowledgment admission
b: something granted esp. as an inducement (as to enter into an agreement)
c: a grant of real property esp. by a government in return for services or for a particular use (as settlement)
d: a right to undertake a specified activity for profit on another's real property
a logging concession
e: a lease that grants a right to engage in a profitable activity on another's real property; also: the property or portion of the property subject to such a lease

Merriam-Webster’s Dictionary of Law. . 1996.

concession
I (authorization) noun allowance, authority, authorization, bestowal, clearance, concessio, conferment, conferral, endowment, giving, grant, impartment, leave, license, permission, permit, presentation, privilege, sanction, vouchsafement, warrant II (compromise) noun acceptance, accord, acknowledgment, acquiescence, admission, admitting, agreement, allowance, assent, capitulation, concurrence, giving in, grant, granting, recognition, recognizance, reconciliation, relinquishment, settlement, submission, surrender, yielding III index accord, acknowledgment (acceptance), acquiescence, admission (disclosure), advancement (loan), appropriation (allotment), cession, compliance, compromise, conciliation, consent, consignment, copyright, disclosure (act of disclosing), disclosure (something disclosed), expense (sacrifice), franchise (license), grace, grace period, grant, sufferance

Burton's Legal Thesaurus. . 2006


concession
USA
A governmental authorization granted to a private company to construct, develop or operate a government-owned asset such as a toll road, a bridge or a mine for an agreed time period. At the end of the concession term, the asset reverts to the control and management of the government until a new concession is issued. The concession, depending on the asset, can take the form of a lease, agreement, license, permit or mining title. A concession is generally long term (50, 75 or 99 years) to compensate the private party for its investment in the asset.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Synonyms:
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Look at other dictionaries:

  • concession — [ kɔ̃sesjɔ̃ ] n. f. • 1264; lat. concessio 1 ♦ Action de concéder (un droit, un privilège, une terre); acte qui concède. ⇒ cession, 1. don, octroi. Concession d un privilège (⇒ charte) . Faire la concession d un terrain. Concession commerciale,… …   Encyclopédie Universelle

  • Concession — may refer to: Concession (politics): failure to challenge or cessation of challenging, as in conceding an election or conceding a game . Concession (contract): a contracted out service, as in concession stand. A contractual right to carry on a… …   Wikipedia

  • concession — CONCESSION. s. f. Le don et l octroi qu un Souverain ou un Seigneur de quelque Terre, fait de quelque privilége, de quelque droit, de quelque grâce, etc. Ce privilége est une concession d un tel Roi. Ils ont eu ce droit, etc. par la concession d… …   Dictionnaire de l'Académie Française 1798

  • Concession — Con*ces sion, n. [L. concessio, fr. concedere: cf. F. concession. See {Concede}.] 1. The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous. [1913… …   The Collaborative International Dictionary of English

  • concession — mid 15c., from O.Fr. concession (14c.) or directly from L. concessionem (nom. concessio) an allowing, conceding, noun of action from concess , pp. stem of concedere (see CONCEDE (Cf. concede)). Meaning right or privilege granted by government is… …   Etymology dictionary

  • concession — [kən sesh′ən] n. [ME & OFr < L concessio < concessus, pp. of concedere] 1. an act or instance of conceding, granting, or yielding 2. a thing conceded or granted; acknowledgment, as of an argument or claim 3. a privilege granted by a… …   English World dictionary

  • Concession — (v. lat.), die Erlaubniß einer Regierung, ein bürgerliches Gewerbe unter gewissen Bedingungen zu betreiben. Die C. gilt nur für die Person, welcher sie ertheilt ist (Concessionär), u. kann nicht durch Erbschaft od. Kauf an eine andere übertragen… …   Pierer's Universal-Lexikon

  • Concession — Concession, lat., Zugeständniß; obrigkeitliche Ermächtigung zu einem Betrieb; Concessionar, der Inhaber einer solchen C.; concessioniren, ermächtigen, genehmigen; concessionirt, genehmigt, erlaubt. Concessive, einräumend, nachgebend …   Herders Conversations-Lexikon

  • concession — *allowance Analogous words: favor, boon, *gift: indulgence, leniency, tolerance, forbearance (see under FORBEARING) …   New Dictionary of Synonyms

  • concession — [n] yielding, adjustment acknowledgment, admission, allowance, assent, authorization, boon, buyback, compromise, confession, copout*, deal, giveback, giving in, grant, indulgence, permission, permit, privilege, rollback, sellout, surrender, trade …   New thesaurus

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