CONCESSION
Concession
In international law, a concession is a territory within a country that is administered by an entity other than the state which holds sovereignty over it. This is usually a colonizing power, or at least mandated by one, as in the case of colonial chartered companies.The above text is a snippet from Wikipedia: Concession (territory)
and as such is available under the Creative Commons Attribution/Share-Alike License.
concession
Noun
- the act of conceding, especially that of defeat
- something, such as an argument, that is conceded or admitted to be wrong
- Admitting a point to strengthen one's overall case.
- the grant of some land to be used for a specified purpose
- a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates
- In Ontario, a small road between tracts of farmland.
Verb
- To grant or approve by means of a concession agreement.
The above text is a snippet from Wiktionary: concession
and as such is available under the Creative Commons Attribution/Share-Alike License.