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The per-share or per-bond compensation of a selling group for participating in a corporate underwriting.

Balance of Concessions

An agreement in which one country reduces tariffs on its imports from another country in exchange for an equivalent, or at least similar, reduction from the second country. The balance of concessions is intended to stimulate international commerce between the two countries. It is also called reciprocity or simply a concession.

Underwriting Fee

The compensation that an underwriter receives for placing a new issue with investors. It is calculated as a discount from the price of the new issue. For example, an issuer may sell the underwriter a bond at $990 per bond. The underwriter will then place the issue at $1,000, allowing it to make a $10 profit. This profit is the underwriting fee. It is also called a concession.


The dollar discount from a security's retail selling price received by members of an underwriting syndicate. For example, a syndicate member paying $995 for a bond to be sold at par (that is, at $1,000) is receiving a $5 concession. Also called selling concession.


(1) A discount, rebate, or abatement. Lease concessions may consist of free rent, below-market rent, a larger than normal build-out allowance, reserved parking, 5-year anniversary renovation allowance,or any number of other economic incentives to induce one to lease in a particular building. When investigating the purchase of an income-producing property, one should examine each and every lease in its entirety to determine the existence of any lease concessions that would adversely affect an economic analysis of the property,and one should also obtain estoppel certificates from tenants so that there are no agreements outside the terms of the written leases.(2) A business that operates within the confines of another business or on another property,but usually without a lease. Examples include a shoe-shine concession at the airport, the hot-dog concession at the ball park,or the designer fragrance concession in a department store.

References in periodicals archive ?
cc] is the union's payoff when both the union and the firm concede; (7/,t, the union payoff when the union holds out and the firm concedes, [U.
Similarly, Sorauf concedes that the dominance of special-interest money is at least seen as a problem by the public.
Earlier, former Comelec chairman Sixto Brilliantes took to Twitter to hit Robredo for reportedly asking Marcos to concede and for claiming the vice presidency without a single canvass document being opened.
We cannot afford to concede these goals if we want to be a good team.
He said: "The verdict is if you concede two goals from corner kicks and come out in the second half and concede from an unfortunate error you give yourselves a mountain to climb.
Lacerte, while conceding that statement, maintained that the "error" would have been picked up had we run its built-in diagnostic program -- a point we readily concede.
This is exacerbated in situations where both the taxpayer and the IRS concede issues during the course of the examination.
Meanwhile Hadland admits he has been concerned at a tendency to concede early goals at home.
Defeated Filipino candidates very rarely concede defeat, and never mere hours after voting had closed.
I'm really disappointed with the goals we conceded, it wasn't like us of late, they were two bad goals to concede.
WIGAN don't concede many first half goals and Ipswich don't concede many goals full stop so there is potential for a slow burner in tonight's meeting between the clubs, writes Mark Langdon.
They clawed their way back to within three points in the final quarter after leaking four tries only to concede two more in the closing stages.