n-sesh-uh
n]
| 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. |
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
concession