Something yielded or conceded in negotiating a transaction.

Something given up or agreed to in negotiating the sale of the house. For example, the sellers may agree to help pay for closing costs.

In politics, a concession is the act of a losing candidate publicly yielding to a winning candidate after an election, when the overall result of the vote has become clear.

A licence area leased to a company for a given period for exploration and development. Specifications include the area to be explored, time period for the concession and how the area's owner (i.e. government) is to be compensated if oil/gas is found.

a contract granting the right to operate a subsidiary business; "he got the beer concession at the ball park"

a Governement grant to sell food, etc on government land

a reduction in the fee for registering a motor vehicle or issuing a Drivers Licence

A privilege granted to an individual by the Government, to sell food, etc., on Government land.

Context is: trade term. A grant of a position, privilege, or right by a party to a negotiation to induce the other party to yield an equivalent position, privilege, or right. In GATT trade negotiations, a country normally made concessions in the form of reductions in its tariff and nontariff import barriers, in exchange for reductions in the barriers of other countries to its exports. A country's "schedule of concessions," accepted as part of its obligations to other contracting parties, would become an integral part of GATT under Article II of the General Agreement on Tariffs and Trade. GATT Article II continues to govern the obligations of country members under the WTO, where it is incorporated by reference into GATT 1994. See also Binding; Bound Rates; Compensation; Conditional Most-Favored-Nation Treatment; Escape Clause; General Agreement on Tariffs and Trade; Most-Favored-Nation Treatment; Negotiations; Offer List; Principal Supplier; Reciprocity; Safeguards; Section 301; Special 301; Super 301; Tariff; Tariff Schedules of the United States; World Trade Organization.

" means-- (a) Concession granted directly under Part IIIB of the Conservation Act 1987; or (b) Concession granted under Part IIIB of the Conservation Act 1987 by virtue of section 59A of the Reserves Act 1977; or (c) Lease under section 73 of the Reserves Act 1977 granted, by virtue of subsection (3A) (b) of that section, under Part IIIB of the Conservation Act 1987: "

A tariff reduction, tariff binding, or other agreement to reduce import restrictions. In negotiations, a country may offer to reduce its own tariff and nontariff trade barriers to induce other countries to reciprocate.

A defined license area granted to a company for the exploration of oil and/or gas under specific terms and conditions for a fixed period of time.

A geographic area that is licensed or leased to a company for a given period for exploration and development under specified terms and conditions.

A privilege, license or mining title granted by the Ministry of Energy and Mines, to explore and, if warranted, produce minerals from a specified property.

A discount or other inducement given by a landlord or seller to a prospective tenant or buyer to induce them to sign a lease or purchase property.

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. In some cases this will mean the exclusive right to market some product like fuel or food on a turnpike. In the U.S. it increasingly relates to leased space in a rest area. In some instances, both inside and outside the U.S. the concession is the road itself and a private company operates the road for a profit under agreed upon guidelines or payments. This is especially true in European countries.

Benefits granted by a seller/lessor to induce a sale/lease. Alternately, right granted by a governmental body, to use property for a particular type of business in a specific area.

(1) In the sale of a new issue of municipal securities, the amount of reduction from the public offering price syndicate grants to a broker-dealer that is not a member of the syndicate, expressed as a percentage of par value or, for zero coupon bonds, as a percentage of dollar price.  This is also known as a “dealer's allowance.”  See:  SPREAD.(2) In the secondary market, bonds are usually offered to other broker-dealers “less a concession,” that is, at a price expressed in terms of a net offering price (in basis or dollar price terms) minus a differential (in points or dollars per bond) granted between professionals; this differential is called the “concession.” Compare: NET OFFERING.

A price reduction or rebate from an established price or charge. In securities underwriting, the fee that is paid on each stock or bond that is sold by securities firms and brokers within the underwriting group of a public offering. Also known as selling concession.

Part of the underwriting spread that the selling group receives from the syndicate for helping to sell a new issue. Also, part of a mutual fund's sales charge paid to an NASD member broker.

The fee paid to certain dealers who are members of the selling group of a securities underwriting syndicate.

The discount from a dealer's offering price which the dealer will give to another dealer.

Special or unusual terms offered by the seller that may warrant the buyer paying a higher price for the property.