concession

Dictionary of Business Terms for: concession
concession
  1. small shop or vending machine in a hotel or office building lobby, run by a business person.
  2. right, usually granted by a government entity, to use property for a specified purpose, such as a service station on a highway.
  3. reduced rent for the early portion of a lease, used as an incentive.
  4. selling group’s per-share or per-bond compensation in a corporate underwriting.
Dictionary of Finance and Investment Terms for: concession
concession
  1. selling group’s per-share or per-bond compensation.
  2. right, usually granted by a government entity, to use property for a specified purpose, such as a service station on a highway.
Dictionary of Real Estate Terms for: concession
concession
  1. a business that operates within the property of another business and provides complementary goods or services.
    Example: Baker is converting apartments to condominium units. In order to induce tenants to purchase their units, Baker offers a concession of a 20% discount on the sales price, available only to tenants.

  2. Reduction in price, rent, or other benefit provided to a tenant or buyer as an inducement to buy or lease.

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