a contract granting the right to operate a subsidiary business; "he got the beer concession at the ball park" a point conceded or yielded; "they won all the concessions they asked for
Deed entitling holder to produce from and/or explore a stipulated tract of land following discovery of a commercial reservoir
Usually used in foreign operations and refers to a large block of acreage granted to the operator by the host government for a certain time and under certain government conditions which allows the operator to conduct exploratory and/or development operations The Concession Agreement assures the holder of certain rights under the law
The per-share or per-bond compensation of a selling group for participating in a corporate underwriting