a contract granting the right to operate a subsidiary business; "he got the beer concession at the ball park" a point conceded or yielded; "they won all the concessions they asked for
Deed entitling holder to produce from and/or explore a stipulated tract of land following discovery of a commercial reservoir
Usually used in foreign operations and refers to a large block of acreage granted to the operator by the host government for a certain time and under certain government conditions which allows the operator to conduct exploratory and/or development operations The Concession Agreement assures the holder of certain rights under the law
The per-share or per-bond compensation of a selling group for participating in a corporate underwriting
A concession is a special right or privilege that is given to someone. tax concessions for mothers who stay at home with their children
A geographic area that is licensed or leased to a company for a given period for exploration and development under specified terms and conditions
An administrative act which cedes to others the right to carry out an activity which otherwise would only be open to the ceding Administration: for example, the act by which the Italian State assigns the operation of activities in the electrical sector to ENEL
The per-share compensation received by the members of the underwriting group The concession is the difference between the price at which the underwriter purchased the securities from the issuer and the price at which the underwriter sells the shares to the public (public offering price)
a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates
The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous
Accepting at least part or all of an opposing viewpoint It is futile to deny a solid point Rather, a concession is used to regroup and restate your position, taking the concession into account (see qualification)
Refers to a card carried by a passenger entitled to discount travel, by reason of age, low income, disability, etc
If you make a concession to someone, you agree to let them do or have something, especially in order to end an argument or conflict. The King made major concessions to end the confrontation with his people
A price reduction or rebate from an established price or charge In securities underwriting, the fee that is paid on each stock or bond that is sold by securities firms and brokers within the underwriting group of a public offering Also known as selling concession BACK TO TOP
a lease, licence, permit, or easement granted under Part IIIB of the Conservation Act 1987 Conservation Act 1987
18, Use of known bad materials or sale of known bad product or a rebate given in return for accepting bad product Written authorization to use or release a quantity of material, components or stores already produced but which do not conform to the specified requirements
A concession is a special price which is lower than the usual price and which is often given to old people, students, and the unemployed. Open daily; admission £1.10 with concessions for children and OAPs
A tariff reduction, tariff binding, or other agreement to reduce import restrictions In negotiations, a country may offer to reduce its own tariff and non tariff trade barriers to induce other countries to reciprocate Concession is a key concept of the General Agreement on Tariffs and Trade (GATT) negotiations
{i} giving up, yielding; something which is given up; franchise, right to use or sell something; (British) discount
A concession is an arrangement where someone is given the right to sell a product or to run a business, especially in a building belonging to another business
An agreement between owner and tenant, whereby the tenant is allowed to pay a lower rent than would otherwise be lawful for a limited time but not for the whole term of the lease (Top of page) (back to list of terms)