different between concession vs endorsement

concession

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).

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endorsement

English

Alternative forms

  • endorsation (older American, Canadian)
  • indorsation (Scotland)
  • indorsement (older (American), Latinate)

Etymology

endorse +? -ment

Noun

endorsement (countable and uncountable, plural endorsements)

  1. The act or quality of endorsing
    The association announced its endorsement of the policy.
    The bank required that cheque endorsement be witnessed by a cashier.
    Companies sometimes pay millions for product endorsement by celebrities.
  2. An amendment or annotation to an insurance contract or other official document (such as a driving licence).
    Mr. Jones paid extra for the flood damage endorsement on his house insurance.
  3. (aviation) An instructor's signed acknowledgement of time practising specific flying skills.
    Once she obtained the endorsement of her night flying hours, Joanna was approved to take the pilot's examination.
  4. (education, certification) Permission to carry out a specific skill or application in a field in which the practitioner already has a general licence.
    Wanted: Accredited teacher with Grade 12 mathematics endorsement.
    To transport gasoline, truckers must have a valid licence and the hazardous materials endorsement.
  5. Sponsorship, in means of money, by a company, business or enterprise.
    After the Olympics, he was hoping to get an endorsement deal.
  6. Support from an important, renowned figure of a media (celebrity, politics, sports, etc.), to get back up.
    I'm not sure whether an endorsement from Donald Trump will help or hurt.

Translations

See also

  • allonge

endorsement From the web:

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