Search Results for: CONCESSIO

concession bargaining

glossary /

concession bargaining. Labor law. A type of collective bargaining in which the parties negotiate the employees’ giving back previously gained improvements in wages, benefits, or working conditions in exchange for some form of job security, such as protection against layoffs. — Also termed employee givebacks; union givebacks. See COLLECTIVE BARGAINING.

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concessio

glossary /

concessio (k[schwa]n-sesh-ee-oh). [Latin] Hist. A grant. • This is a term of conveyance used to convey in-corporeal property. Pl. concessiones. “Grants, concessiones; the regular method by the common law of transferring the property of incorporeal here-ditaments, or, such things whereof no livery can be had. For which reason all corporeal hereditaments, as lands and houses,

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concession

glossary /

concession, n. 1. A government grant for specific privileges. 2. The voluntary yielding to a demand for the sake of a settlement. 3. A rebate or abatement. 4. Int’l law. A contract in which a country transfers some rights to a foreign enterprise, which then engages in an activity (such as mining) contingent on state

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compromise

glossary /

compromise, n. 1. An agreement between two or more persons to settle matters in dispute between them; an agreement for the settlement of a real or supposed claim in which each party surrenders something in concession to the other. — Also termed compromise and settlement; (erroneously) compromise settlement. [Cases: Com-promise and Settlement 1. C.J.S. Compromise

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