Concession: nf (word from the Latin concessionio).
The word “concession” has several meanings:
1. Action of granting (a right, a privilege, a land).
Act which concedes (assignment, gift, grant).
Grant of a privilege (charter).
Make a grant of land.
Commercial, real estate concession.
Concession of a public service: contract by which the management of a public service is entrusted to a private person (also governed).
Public works concession by tender. Co...
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