concession

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Concession

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.

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.

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 ?
In case the government decides to withdraw the concessional rates, the net impact will be close to Rs300 billion.
* Development of Gwadar Free Zone: $32 million, Chinese government concessional loan.
Launched in 2016, the GCFF provides concessional financing to middle income countries hosting large numbers of refugees at rates usually reserved for the poorest countries.
The Mayor also directed to take consolidated steps to ensure provision of quality edible items at concessional rates to the consumers during the holy month.
The 'stable outlook' on Bosnia's B3 rating reflects Moody's expectation that BiH will continue to meet the conditions for concessional external financing, albeit with delays, which would provide the needed financial and technical assistance to continue to gradually progress the reform agenda.
BEIRUT: Syrian refugees in Lebanon received additional funding from the Global Concessional Financing Facility, bringing the total of concessional funding to $1 billion, the World Bank said in statement Friday.
Concessional loans and grants from the Asian Development Fund (ADF) reached $3.1 billion, with $2.6 billion going to loans and $518 million to grants while the technical assistance, meanwhile, increased by around 20% to $170 million from 2015's $141 million figure.
LOAN SOURCE LOAN VALUE (S) LOAN TYPE NIGERIA China Exim Bank 779m Concessional China Exim Bank 168m Concessional China Exim Bank 100m Concessional 2013 China Exim Bank 975m Concessional China 100m Development Bank China Exim Bank 1,000m Concessional China Exim Bank 500m Concessional China 1,100m -- 2014 China Exim Bank 12,000m Concessional 2016 Ind.
The Washington-based institution, which is part of a "troika" that includes the European Commission and European Central Bank that is overseeing the bailout, said that even if Greek policies came back on track, loans made by Europe "will need to be extended significantly" and that the country would need further concessional financing.
27 (SUNA) - The People's Republic of China has agreed to finance projects in the productive sectors on concessional terms.
The credit portfolio includes bilateral concessional and non-concessional loans, multilateral concessional and non-concessional loans.
Apart from the soft loans, the Fund will also be offering Green Concessional Loans to provide incentives to businesses to reduce their impact on the environment by adopting eco-friendly practices and operations.