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Word: concession
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Meaning:
Noun:
- Canada In Ontario, a small road between tracts of farmland.
- US 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
- rhetoric Admitting a point to strengthen one's overall case.
- something, such as an argument, that is conceded or admitted to be wrong
- the act of conceding, especially that of defeat
- the grant of some land to be used for a specified purpose
Source: Wiktionary
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