Concession

Business, Legal & Accounting Glossary

Definition: Concession


Concession


What is the dictionary definition of Concession?

Dictionary Definition


  1. A syndicate’s per-share compensation.
  2. A rebate, allowance, or reduction in price or other terms of an agreement.
  3. Cash, or the equivalent, that the landlord pays or allows in the form of rental abatement, additional tenant finish allowance, moving expenses, or other costs expended in order to persuade a tenant to sign a lease.

Examples of Concession in a sentence


In hopes to rent out his house sooner, the landlord offered a concession and paid for the new tenants moving costs.

The concession was suggested to sweeten the deal as the businessmen were all amicable and open with regards to negotiations.

The city provided numerous concessions to the soccer team’s ownership group in the form of tax rebates in order to ensure the stadium was built locally.


Related Phrases


average free rent
horse trading
cumulative discount rate
market impact cost
effective rent
in kind
economic moat
most favored tenant clause


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/concession/
Modern Language Association (MLA):
Concession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/concession/.
Chicago Manual of Style (CMS):
Concession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/concession/ (accessed: April 23, 2024).
American Psychological Association (APA):
Concession. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/concession/

Definition Sources


Definitions for Concession are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd October, 2021 | 0 Views.