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concession

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con⋅ces⋅sion

  [kuhn-sesh-uhn]
Use concession in a Sentence
–noun
1. the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument: He made no concession to caution.
2. the thing or point yielded: Management offered a shorter workweek as a concession.
3. something conceded by a government or a controlling authority, as a grant of land, a privilege, or a franchise.
4. a space or privilege within certain premises for a subsidiary business or service: the refreshment concession at a movie theater.
5. Canadian. any of the usually sixteen divisions of a township, each division being 10 sq. mi. (26 sq. km) in area and containing thirty-two 200-acre lots.
Origin:
1605–15; 1910–15 for def. 4; < L concēssiōn- (s. of concēssiō), equiv. to concēss(us) (ptp. of concēdere to concede ) + -iōn- -ion

Related forms:
con⋅ces⋅sion⋅al, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To concession
California Cart Builder
Mobile Kitchen/ Concession Trailer Manufacturer Custom Units Your Way
www.californiacartbuilder.com
Concession Items on Sale
Find 1000s of concession supplies in 700+ shops & grab huge savings!
www.Concession.best-price.com
con·ces·sion   (kən-sěsh'ən)   
n.  

  1. The act of conceding.

    1. Something, such as a point previously claimed in argument, that is later conceded.

    2. An acknowledgment or admission.

    3. The privilege of maintaining a subsidiary business within certain premises.

    4. The space allotted for such a business.

    5. The business itself: had an ice-cream concession in the subway station.

  3. A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.

    1. The privilege of maintaining a subsidiary business within certain premises.

    2. The space allotted for such a business.

    3. The business itself: had an ice-cream concession in the subway station.


[Middle English, from Latin concessiō, concessiōn-, from concessus, past participle of concēdere, to concede; see concede.]
con·ces'sion·al adj., con·ces'sion·ar'y (-sěsh'ə-něr'ē) adj.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

concession 
1464, from L. concessionem (nom. concessio), from concessius, pp. of concedere (see concede). Meaning "right or privilege granted by government" is from 1656. "Refreshment stand" sense is from 1910.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Concession

A selling group's compensation in a stock or bond underwriting agreement.

Investopedia Commentary

This is usually on a per-share or per-bond basis.

Related Links

IPO Basics Tutorial

See also: Concession Agreement, Underwriting

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

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.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: con·ces·sion
Function: noun
1 : an act or instance of conceding or yielding
2 : something conceded: as a : ACKNOWLEDGMENT, ADMISSION b : something granted esp. as an inducement (as to enter into an agreement) c : a grant of real property esp. by a government in return for services or for a particular use (as settlement) d : a right to undertake a specified activity for profit on another's real property concession> e : a lease that grants a right to engage in a profitable activity on another's real property; also : the property or portion of the property subject to such a lease
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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