LIQUOR CONCESSION Meaning and
Definition
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A liquor concession refers to a contractual agreement or permission granted to an individual or organization to sell, distribute, or serve alcoholic beverages in a particular venue or establishment. It is a licensing arrangement that allows the concessionaire to operate a specific liquor business within the premises of another entity, such as a stadium, theater, or airport.
Under a liquor concession, the concessionaire is typically responsible for obtaining the necessary permits and licenses required by local, regional, or national authorities to legally sell alcoholic beverages. These permits ensure compliance with laws and regulations governing the sale, consumption, and distribution of alcoholic drinks. The concessionaire may also need to meet criteria related to health and safety, age restrictions, and responsible alcohol service.
The terms and conditions of a liquor concession can vary depending on the jurisdiction and the specific agreement between the parties involved. In some cases, the concessionaire may pay a fee or percentage of sales to the venue owner in exchange for the right to sell alcohol. The concessionaire may also be responsible for supplying, restocking, and managing inventory, as well as handling the financial transactions of the alcohol sales.
Overall, a liquor concession provides an opportunity for businesses or individuals to operate within a specific venue, tapping into the potential market for alcoholic beverages while adhering to legal requirements and regulations.
Common Misspellings for LIQUOR CONCESSION
- kiquor concession
- piquor concession
- oiquor concession
- luquor concession
- ljquor concession
- lkquor concession
- loquor concession
- l9quor concession
- l8quor concession
- li1uor concession
- li2uor concession
- liwuor concession
- liauor concession
- liqyor concession
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- liqjor concession
- liqior concession
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- liquir concession
Etymology of LIQUOR CONCESSION
The word "liquor concession" consists of two parts: "liquor" and "concession".
- "Liquor" originates from the Latin word "liquor" which means "liquid". It entered Old French as "licour" and later reached Middle English as "liquour". The term specifically refers to alcoholic beverages, such as spirits, wine, or other distilled drinks.
- "Concession" comes from the Latin word "concessio", derived from the verb "concedere", meaning "to yield" or "to grant". It entered Old French as "concession" and later transformed into Middle English as "concessioun". The term refers to the act of granting or giving permission, usually to use or occupy property.
