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The per-share or per-bond compensation of a selling group for participating in a corporate underwriting.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


(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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Similarly, Sorauf concedes that the dominance of special-interest money is at least seen as a problem by the public.
takes the guys It four-game have not last the"If you don't concede you don't lose.
When Sunderland concede first away from home, the picture is truly abysmal.
This season Middlesbrough conceded 13 goals fewer than Watford but if they are promoted they might concede only three fewer.
Almost everyone wrote off QPR weeks ago yet I genuinely believed Harry Redknapp might save them - but even I have to concede that it's going to take a minor miracle now.
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.
| Jordan Pickford "The main thing is not to concede and we have conceded too many.
"That we concede like this, that makes me really, really sick," he said after the 2-0 defeat.
THE camp of leading vice presidential candidate Leni Robredo clarified on Monday that she is not being presumptuous of her victory in the race, saying the Camarines Sur representative never asked rival candidate Senator Bongbong Marcos to concede defeat.
"It's never in my head that we're going to concede as I'm always positive.