Business Glossary
Business Definition for: concession
- selling group's per-share or per-bond compensation.
- right, usually granted by a government entity, to use property for a specified purpose, such as a service station on a highway.
- small shop or vending machine in a hotel or office building lobby, run by a business person.
- right, usually granted by a government entity, to use property for a specified purpose, such as a service station on a highway.
- reduced rent for the early portion of a lease, used as an incentive.
- selling group's per-share or per-bond compensation in a corporate underwriting.
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.Reduction in price, rent , or other benefit provided to a tenant or buyer as an inducement to buy or lease .
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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