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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 ?
Against a backdrop of mayoral politics, the Los Angeles City Council rejected a plan on Friday to reverse the Airport Commission's decisions on seven concession agreements.
Prior to passing of the Law on Concessions Croatian legislation did not know the institute of concession.
and an average rent abatement of 6 months in Midtown leasing transactions concluded over the last three months, according to a new measure of the value of lease concessions published by CB Richard Ellis.
Their company, Concessions International (CI), bills itself as the third largest food and beverage airport concessions company in the U.
to purchase rights to gold mining concessions located in Venezuela for a total of $1,500,000.
Haber has earlier acquired the reconnaissance licenses on the concessions "Good Ground" (589 sq.
for concessions after the two companies agreed to give California an additional $100 million to serve the poor.
In a soft rental market environment where many apartment owners and managers are offering residents gift certificates, free concierge services, free rent or $99 move-in specials, others are using security deposit alternatives to successfully attract and retain residents as a means of steering clear of concessions altogether and competing for residents effectively.
NWCDC's concession is adjacent to De Beers' concessions in three directions.
Our strategy is to acquire concessions with high gold and/or copper potential, add value with an initial drill campaign, and then take these opportunities to major mining companies for joint venture.
Tenant Effective Rent is defined as the tenant's projected average annual expenditure (on a rentable per square foot basis), less the value of landlord concessions such as free rent, construction allowances or other provisions.