con·ces·sion   (kən-sěsh'ən)    n.   The act of conceding. Something, such as a point previously claimed in argument, that is later conceded. An acknowledgment or admission. The privilege of maintaining a subsidiary business within certain premises. The space allotted for such a business. The business itself: had an ice-cream concession in the subway station. 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. The privilege of maintaining a subsidiary business within certain premises. The space allotted for such a business. 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.

Concession

Con*ces"sion\, n. [L. concessio, fr. concedere: cf. F. concession. See Concede.]

1. The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.

By mutual concession the business was adjusted. --Hallam.

2. A thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something; as, a concession to build a canal.

This is therefore a concession, that he doth . . . believe the Scriptures to be sufficiently plain. --Sharp.

When a lover becomes satisfied by small compliances without further pursuits, then expect to find popular assemblies content with small concessions. --Swift.

concession 

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.

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See also: Concession Agreement, Underwriting

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.

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