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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 ?
The new funding will lower interest rates to concessional levels on two $150 million health projects in Jordan and Lebanon, both of which will be financed in parallel by the World Bank Group and the Islamic Development Bank Group, as well as a $45 million wastewater project in Jordan to be financed by the European Bank for Reconstruction and Development," the statement said.
5 percent of GDP and lower real GDP growth of 1 percent per year would require not only concessional financing with fixed interest rates through 2020 to cover gaps as well as doubling of grace and maturities on existing debt but also a significant haircut of debt," it said, "for instance, full write-off of the stock outstanding in the GLF facility (53.
25%, however Green Concessional Loans are repayable over a maximum period of 10 years.
Under the concessional import duty of 30%, the total duty incidence would fall around 80%, less than half off the current rates.
ADB is always able to timely and effectively respond to Cambodia's recent challenges with quality outcome by providing enormous concessional loans, grants and technical assistances timely with no intricate, said PM Hun Sen at the 20th Anniversary of the Cambodia and ADB.
The Asian Development Bank unveiled Tuesday concessional loans and grants worth $525 million for three years from next year to promote growth and development in Cambodia.
7 billion) in remaining windfall gold sales profits as part of a strategy to bolster the IMF's concessional lending vehicle for low-income countries and make it sustainable.
August 28, 2012 (JUBA) - The Executive Board of the International Monetary Fund (IMF) has included South Sudan in a list of 72 low-income countries now eligible for concessional lending.
provide concessional assistance, including grants and loans at
The concessional loan plan focuses on green growth sectors to help developing nations respond to the climate change and achieve sustainable growth, while the grant plan focuses on contributing to the achievement of the Millennium Development Goals (MDGs) by increasing aid to the least developed countries.
Summary: Rabat - The French Development Agency (AFD) granted a concessional loan of 60 million euros to Morocco's Fund for Road Financing (CFR) in order to finance the finalization of the 2nd rural roads national program (PNRR2).
lt;p>The agreement, signed in the framework of the 9th Moroccan-Spanish high level meeting under the co-chairmanship of the two countries' Prime Ministers, Abbas El Fassi and Jose Luis Rodriguez Zapatero, concerns concessional credits amounting to E400 mln benefiting public projects and unconditional concessional credits worth E100 mln, in addition to a donation of E20 mln.