Concession

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CONCESSION. A grant. This word is frequently used in this sense when applied to grants made by the French and Spanish governments in Louisiana.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Even when the bank underwriter's parent bank does not participate in the pre-IPO equity investment deal, and thus has no private information, it is able to discount its underwriting fee, especially for small firms.
The determinants, which are based on the literature on underwriting fees and economic intuition, include but are not limited to gross proceeds, firm size, various measures of risk (beta risk, total risk, market risk, non-systematic risk), various measures of liquidity (quoted spread, effective spreads, share turnover, change in share turnover), underwriting methods (bought deal, firm commitment), location of SEO (domestic, global), U.S.
Despite the growth and size of the market, no research has been done, to our knowledge, on underwriting fees in this market.
With regard to the buyer's optimal choice of coverage given the underwriting fee c, the additional subsidy rate inversely affects the demand for coverage.
Underwriting fee Underwriting fee is expressed as a percentage of proceeds.
Equity capital markets underwriting fees dropped five per cent to $53.3 million, and accounted for 31 per cent of the overall Sub Saharan African investment banking fee pool," she said.
Like the 7% gross spread, the standard contract of 20% management fee, 20% underwriting fee, and 60% selling concession has become more common in recent years.
HSBC topped both the completed M&A and the equity capital markets (ECM) underwriting fee rankings, while Nomura was first for debt capital market (DCM) underwriting.
Gross underwriter spread (hereafter referred to as underwriter spread) includes a management fee, underwriting fee, selling concession, and reallowance fee.
Morgan Stanley topped the completed M&A and ECM fees ranking while Citi topped the DCM underwriting fee ranking with a 13.7 per cent share.
Citi topped the Middle Eastern completed M&A fee league table, while Deutsche Bank was first for ECM underwriting, and Emirates NBD was first in the DCM underwriting fee rankings.