(redirected from concede)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia, Wikipedia.


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 ?
When you concede a goal it's not the end of the world but our problem has been that losing one regularly leads to conceding another.
The fact that the Service eventually loses or even concedes is relevant, but it does not establish that the position was unreasonable; see McIntosh, TC Memo 2001-144, and the authorities cited therein.
It may well be that Al Gore is going to have to suck it up and concede the election to George W.
Then Al said 'Let me explain: If in fact I lose in Florida, I will immediately concede.
Midway through this fascinating set of essays, Omer Bartov concedes that "teaching a course on the Holocaust brought me once more face to face with the familiar, yet still jarring realization that neither teachers nor students, nor for that matter anyone who had either experienced it or studied it from some geographical or chronological distance could quite grasp the essence of the Holocaust or make it understandable to others.
The researchers concede that important questions remain: Do the findings apply to women?
A solution could be brought closer to hand if political scientists would concede the limitations of their craft.
We need to score 15 goals more than last year, but we cannot concede more.
But, from our point of view, it was disappointing to score three goals and to concede three goals.
It's a lousy diet for a team trying to stave off elimination, and coach Phil Jackson might just concede this particular battle to the San Antonio Spurs.
Popalong Fred, easily the track's biggest money-spinner, will again be in high demand to concede starts all round in the principal handicap (race 10).
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.