myönnytyksen

Myönnytys, with the genitive form myönnytyksen, denotes a concession granted by one party to another in negotiation, dispute resolution, or policy-making. It refers to a point, right, or term that is yielded or granted to facilitate agreement or settlement. Concessions can concern substance, procedure, or timing and may range from minor adjustments to substantial compromises.

Etymology: The word derives from the verb myöntyä, meaning to yield or acquiesce, with the noun form indicating the act or result of yielding. In Finnish, myönnytyksen is used when speaking of a specific concession, as in “myönnytyksen ehdoista” or “tehdä myönnytyksen.”

Contexts and types: In diplomacy and politics, states may make concessions to secure agreements or peace; in business, companies offer price concessions or favorable terms to close deals; in civil disputes, concessions can form part of settlements. It can be unilateral or mutual. The content of a myönnytys may be financial, regulatory, or symbolic, and often involves assessing trade-offs and opportunity costs.

Usage and nuance: The term is generally neutral but may carry different connotations depending on context—viewed as prudent pragmatism or as capitulation. Related terms include myöntäminen (admitting or granting permission) and myöntyminen (acquiescence).