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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 ?
Miners haven't been on the best of wages but they've always had their concessionary fuel.
Coun Greg Stone, a Liberal Democrat member of the ITA, said: "The concessionary travel funding formula has been problematic for a number of years under both the previous and current governments.
An agreement between Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton Councils and local bus operators means concessionary passholders can still travel at any time.
A council spokesman said: "We are not introducing concessionary charges for pest control.
If you hold a Disabled Persons Half Fare Bus Pass, you will also be entitled to an All-Wales Concessionary Bus Pass from April 1.
Concessionary IKS / Concessionary Board of Telemark - Management of concessionary
ISLAMABAD -- Finance Minister Senator Ishaq Dar here Saturday held a meeting with senior officials of FBR to review progress of withdrawal of concessionary SROs/Tax exemptions.
It may be added that Prime Minister Mohammad Nawaz Sharif in December 2013 had approved phasing out of concessionary regime in the country which included withdrawal of discriminatory concessionary SROs and exemptions.
From today Metro ticket machines will only sell the cheapest child concessionary fares - 60p single and PS1.
PARENTS are reminded that new child concessionary fares for under 16s come into force on buses and the Metro in Tyne and Wear next week.
The increases now being implemented are: * One-eighth of an acre standard charge pounds 86 (last year's charge was pounds 66) and concessionary charge for senior citizens and registered disabled pounds 43 ( from pounds 33.
CONCESSIONARY train fares in West Yorkshire are to rise.