1
as in negotiation
the act or practice of each side giving up something in order to reach an agreement
when trying to get a raise in your salary, it's good to know the art of concession
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2
as in admission
an open declaration of something (as a fault or the commission of an offense) about oneself
an abject concession of guilt from the governor is the only thing that will save her political career
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3
as in privilege
something granted as a special favor
a concession to sell their T-shirts at the village fair
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Merriam-Webster unabridged
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