Definitions (3)

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.

Use concession in a sentence

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

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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.

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Our business rented new office space in a heavily depressed town with lots of empty office buildings, and in order to get us to sign the lease the landlord gave us a concession on the lease.

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