Concession vs Discount - What's the difference?
concession | discount |
the act of conceding, especially that of defeat
something, such as an argument, that is conceded or admitted to be wrong
(rhetoric) Admitting a point to strengthen one's overall case.
the grant of some land to be used for a specified purpose
(chiefly, 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
(Canada) In Ontario, a small road between tracts of farmland.
To deduct from an account, debt, charge, and the like; to make an abatement of.
To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
* Walsh
To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
To leave out of account; to take no notice of.
* Sir William Hamilton
:They discounted his comments.
To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
A reduction in price.
A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
The rate of interest charged in discounting.
Of goods, available at reduced prices; discounted.
Of a store, specializing in goods at reduced prices.
As verbs the difference between discount and concession
is that discount is to deduct from an account, debt, charge, and the like; to make an abatement of while concession is to grant or approve by means of a concession agreement.As nouns the difference between discount and concession
is that discount is a reduction in price while concession is the act of conceding, especially that of defeat.As an adjective discount
is of goods, available at reduced prices; discounted.concession
English
Noun
(en noun)Derived terms
* concessionerSee also
* paromologia * paromologydiscount
Verb
(en verb)- Merchants sometimes discount five or six per cent for prompt payment of bills.
- Discount only unexceptionable paper.
- Of the three opinions, (I discount Brown's), under this head, one supposes that the law of Causality is a positive affirmation, and a primary fact of thought, incapable of all further analysis.
Noun
(en noun)Synonyms
* (reduction in price) rebate, reductionAntonyms
* surchargeDerived terms
* quantity discount * rediscount * seasonal discountDescendants
* German:Adjective
(-)- This store specializes in discount wares.
- If you're looking for cheap clothes, there's a discount clothier around the corner.