concession
B2CEFR level
40/100Rarity: uncommon
TechnicalRegister
Law noun
A relaxation of the strict tax rules granted by the revenue authority outside legislation.
The extra-statutory concession spared small estates the administrative burden of a full return.
Business noun
Something granted or conceded in a negotiation.
A late concession on price sealed the deal.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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