different between concession vs credit

English

Etymology

From late Middle English concession, from Middle French concession, from Latin concessi? (“a grant, permission, conceding”), from conc?d?

Pronunciation

• IPA^(key): /k?n?s???n/
• Hyphenation: con?ces?sion

Noun

concession (usually uncountable, plural concessions)

1. The act of conceding.
   • c. 1472, October, Rolls of Parliament, Edward IV, 2nd Roll, §8:

     Any parsone, prest or clerk, havyng any benefice... by wey of presentation, donation, concession, collation or institution.

   • 1876, James Bowling Mozley, Sermons Preached before the University of Oxford, v, 130:

     In this country... civil war has been forestalled by opportune concession.

2. An act of conceding, particularly:
   1. A compromise: a partial yielding to demands or requests.
      • 1865, John Bright, Speeches of John Bright, M.P., on the American Question, p. 174:

        But these concessions failed, as I believe concessions to evil always do fail.

   2. Land granted by an authority for some specific purpose, particularly:
      1. (historical) A portion of a township, especially equal lots once granted to settlers in Canada.
      2. (historical) A territory—usually an enclave in a major port—yielded to the administration of a foreign power.

         The French Concession in Shanghai

      3. (Canada) A concession road: a narrow road between tracts of farmland, especially in Ontario, from their origin during the granting of concessions (see above).
      4. (chiefly US) The premises granted to a business as a concession (see below)
   3. A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:
      1. A right to use land or an offshore area for a specific purpose, such as oil exploration.
      2. (chiefly US) A right to operate a quasi-independent franchise of a larger company.
      3. (chiefly US) A right to operate a quasi-independent business within another's premises, as with concession stands.
      4. A preferential tax rate.
      5. (chiefly Britain) A discounted price offered to certain classes of people, such as students or the elderly.
   4. (rhetoric) An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
   5. (by extension) Any admission of the validity or rightness of a point; an instance of this.
   6. (originally US) An admission of defeat following an election.
      • 2000 December 13, Al Gore, Concession Speech:

        Just moments ago, I spoke with George W. Bush and congratulated him on becoming the 43rd president of the United States. And I promised him that I wouldn't call him back this time... tonight, for the sake of our unity as a people and the strength of our democracy, I offer my concession.

3. A gift freely given or act freely made as a token of respect or to curry favor.
4. (chiefly US) A franchise: a business operated as a concession (see above).
5. (chiefly US, usually in the plural) An item sold within a concession (see above) or from a concessions stand.
6. (chiefly Britain) A person eligible for a concession price (see above).

Synonyms

• (granting a request): tithe (obs.)
• (a smaller business operating under another's aegis): See franchise

Derived terms

Translations

See also

• paromologia
• paromology

Verb

concession (third-person singular simple present concessions, present participle concessioning, simple past and past participle concessioned)

1. To grant or approve by means of a concession agreement.
   • 2000, Private Solutions for Infrastructure: Opportunities for Vietnam, World Bank Publications (?ISBN), page 82

     While the process of bringing the private sector into the railroad industry in Vietnam is probably not going to be a single step, several countries have pursued the path of concessioning their rail operations in order to reduce the public fiscal burden associated with rail subsidization and to improve a deficient service.

   • 2007, International Monetary Fund, Kenya: Poverty Reduction Strategy Annual Progress Report - 2003/2004, International Monetary Fund, page 24

     [A] consultant was contracted for one year to prepare the legal and administrative framework for concessioning selected roads to the private sector and is expected to complete the framework in July 2005.

French

Etymology

From Latin concessi?.

Noun

concession f (plural concessions)

1. concession

Related terms

• concéder

Further reading

• “concession” in Trésor de la langue française informatisé (The Digitized Treasury of the French Language).

English

Etymology

Borrowed from Middle French crédit (“belief, trust”), from Latin cr?ditum (“a loan, credit”), neuter of cr?ditus, past participle of cr?dere (“to believe”). The verb is from the noun.

Pronunciation

• IPA^(key): /?k??d?t/
• Rhymes: -?d?t

Verb

credit (third-person singular simple present credits, present participle crediting, simple past and past participle credited)

1. (transitive) To believe; to put credence in.

   Synonyms: accept, believe
2. (transitive, accounting) To add to an account.

   Antonym: debit

3. (transitive) To acknowledge the contribution of.

4. (transitive) To bring honour or repute upon; to do credit to; to raise the estimation of.

   • You credit the church as much by your government as you did the school formerly by your wit.

Related terms

Translations

Noun

credit (countable and uncountable, plural credits)

1. Reliance on the truth of something said or done; faith; trust.

   • When Jonathan and the people heard these words they gave no credit into them, nor received them.

2. (uncountable) Recognition and respect.
   • 1782, William Cowper, The Diverting History of John Gilpin

     John Gilpin was a citizen / Of credit and renown.
3. (countable) Acknowledgement of a contribution, especially in the performing arts.

4. (television/film, usually in the plural) Written titles and other information about the TV program or movie shown at the beginning and/or end of the TV program or movie.

5. (uncountable, law, business, finance) A privilege of delayed payment extended to a buyer or borrower on the seller's or lender's belief that what is given will be repaid.

6. The time given for payment for something sold on trust.

7. (uncountable, US) A person's credit rating or creditworthiness, as represented by their history of borrowing and repayment (or non payment).

8. (accounting) An addition to certain accounts; the side of an account on which payments received are entered.
9. (tax accounting) A reduction in taxes owed, or a refund for excess taxes paid.

10. A source of value, distinction or honour.
    • 1836, Henry Francis Cary, The Poetical Works of Alexander Pope., The Author's Preface

      I published, because I was told I might please such as it was a credit to please.

11. An arbitrary unit of value, often used in fictive or virtual currencies.
12. (uncountable) Recognition for having taken a course (class).

13. (countable) A course credit, a credit hour – used as measure if enough courses have been taken for graduation.

Synonyms

• (course credit, credit hour): unit

Derived terms

Related terms

• credible

Translations

References

• credit at OneLook Dictionary Search
• credit in Keywords for Today: A 21st Century Vocabulary, edited by The Keywords Project, Colin MacCabe, Holly Yanacek, 2018.
• credit in The Century Dictionary, New York, N.Y.: The Century Co., 1911.

Anagrams

• direct, triced

Latin

Verb

cr?dit

1. third-person singular present active indicative of cr?d?

Romanian

Etymology

From French crédit.

Noun

credit n (plural credite)

1. credit

Declension

Welsh

Pronunciation

• (North Wales) IPA^(key): /?kr?d?t/
• (South Wales) IPA^(key): /?kre?d?t/, /?kr?d?t/

Verb

credit (literary)

1. second-person singular imperfect/conditional of credu

Noun

credit m (plural creditau)

1. Alternative form of credyd (“credit”)

Mutation