Concession
concession (noun) - a special right or privilege to run a certain kind of business for a certain period of time, usually given by the government (Compare a "franchise" which is sold by private companies)
granted a concession - given a concession
concessionaire (noun) - a company or person who receives a concession
Example sentences:
* The government has granted mobile phone concessions to two foreign telephone companies.
* He was given a concession to run all the food and beverage operations at the new airport.
* He was granted a concession by the government to supply all the department's computer needs for five years.
* The company has just won a mining concession in the southern part of the country.
* You must satisfy all the regulations if you hope to be given a concession to run a bar or disco, because no administration was in place to
* You might have to absorb the company's whole cash flow to the end of the concession.
