concession

The regulatory changes gave insurers concessions, including the right to charge homeowners for reinsurance, in exchange for a pledge to write more policies in fire-prone neighborhoods.

The need for O'Neill to explain the concessions in such layman terms speaks volumes.

Global competitors had been bombed into submission, energy was dirt cheap, and American unions could demand concessions without fear of losing jobs to foreign rivals.

The “temporary” suspension could easily become a permanent concession if talks stall or if industry lobbyists — who benefit from China’s cheap vessels — push for another extension.

But even basic questions, such as whether the goal is to remove Maduro or compel him into concessions, remain undecided, the officials said.