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 ?
The consideration for the acquisition of the Primary Concessions is payable on closing of the transaction which is subject to a number of conditions, including certain approvals by the government in Poland, as well as the approval of the TSX Venture Exchange.
In reply to a query on the number of parents who have applied for concessions, GEMS issued a statement on Monday which read: "We cannot answer the specific question due to the highly sensitive, personal and confidential nature of the programme.
But parks officials said their scoring system ranked Monterey higher and the new concession group offered higher revenues for the city.
In Croatia for example some of special laws dealing with concessions are: Law on Telecommunications, Law on Roads, Law on Agricultural Land, Law on Hunting, Maritime Law, Law on Free Zones, Law on Public Roads and other laws.
Landlord concessions are an important economic factor in evaluating the office leasing market, but one on which it is very difficult to compile accurate and comprehensive information," said John F.
These men were awarded a contract at the airport earlier this year to expand its concession outlets.
This bill is totally destructive of any competition in the awarding of concession contracts," thundered Rep.
More information about the location of these concessions may be found on the Company's Web site at http://www.
However, Councilwoman Cindy Miscikowski, whose district includes LAX, said a plan is in the works and that the council should use its existing powers to review the concession contracts.
Non concession concessions such as security deposit alternatives are a good example of how they can do just that.
Cuprum Resources, now a wholly-owned subsidiary of Bellhaven Ventures, controls the Cerro Chorcha porphyry copper deposit and surrounding (242 km2) concession block located in the headwaters of the Guariviara River, roughly 40 km northwest of the well-known Cerro Colorado porphyry copper deposit.
But if the state does ask for more concessions, ``I don't think it's going to derail the merger,'' said Adam Miller, an analyst with Williams Capital Group in New York.