What is the best definition for concession?

What is the best definition for concession?

1 : the act of giving up something or doing something in order to reach agreement The company has been unwilling to make concessions (to the strikers) during negotiations. 2 : the act of admitting that you have been defeated in a contest We are waiting for his concession of the election.

What is an example of a concession?

The definition of concession is something granted in response to demands, or a special allowance, or is the right to use land or property granted by the owner. When you are negotiating and you give in to something that the other side wants, this is an example of a concession.

What is a concession in finance?

In finance, a concession refers to the compensation an underwriter receives for managing the sale of stocks or bonds for a company. Governments, corporations, and individuals can grant vendors concessions to allow access to property or buildings for the purpose of running a business.

What is a government concession?

A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity. Under a management contract the operator will collect the revenue only on behalf of the government and will in turn be paid an agreed fee.

Where does concession stand come from?

Some events or venues contract out the right to sell food to third parties. Those contracts are often referred to as a concession — hence the name for a stand where food is sold.

Where does the word concession originate?

mid-15c., “act of granting or yielding” (especially in argumentation), from Old French concession (14c.) or directly from Latin concessionem (nominative concessio) “an allowing, conceding,” noun of action from past-participle stem of concedere “to give way, yield,” figuratively “agree, consent, give precedence,” from …

What is a concession in history?

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

What is the definition of concession in argument and persuasion?

Concession is an argumentative strategy by which a speaker or writer acknowledges (or appears to acknowledge) the validity of an opponent’s point. Verb: concede. Also known as concessio.

What does concession mean in business?

A concession agreement is a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property, subject to particular terms. Concession agreements are sometimes used to take advantage of other nations.

How does concession work?

It works like this: The buyer (or the buyer’s agent) negotiates the concession amount with the seller or the seller’s agent. Concessions don’t give buyers cash back at closing, nor can they be used to cover the buyer’s down payment. They’re strictly intended to reduce what the buyer pays at closing.

What is another word for concession stand?

What is another word for concession stand?

What is the owner of a concession stand called?

Concessionaire. The owner or operator of a concession stand.

What does concession mean in the finance industry?

The $100 difference represents the underwriting company’s profit or concession. As it relates to the finance industry, a concession may be present during the sale or acquisition of assets. The purchasing company may attempt to adjust the price based on the resources required to maintain the assets.

What does a source of funds check mean?

Don’t be put off by the legal jargon – a ‘source of funds check’ (SOF) is actually just a fancy way of asking you to send us some form of proof, to show that your hard earned cash comes from a legitimate source – be it from your salary, profits earned from your business, a loan from the bank and so on.

Where did the term concession stand come from?

The concession in concession stand denotes “a usually exclusive right to undertake and profit by a specified activity.” The phrase is first recorded in a classified ad seeking someone to work at a booth at the 1893 Chicago World’s Fair.

Which is an example of a real estate concession?

If the adjustment is permitted and becomes part of the transaction’s official agreement, it is a concession. One ordinary transaction that often includes such concessions involves the purchase or sale of real estate. Real estate concessions are typical in the residential marketplace.