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concession |
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concession 1. Brit a reduction in the usual price of a ticket granted to a special group of customers 2. any grant of rights, land, or property by a government, local authority, corporation, or individual 3. US and Canadian a. the right to maintain a subsidiary business on a lessor's premises b. the premises so granted or the business so maintained c. a free rental period for such premises How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Concessionary leases pose another kind of problem: If a tenant has been given several months of rent-free occupancy, then that tenant's lease should be updated to show the real monthly rental income. But AFA told the appeals court that NWA's imposition of cuts despite flight attendants' rejection of two tentative concessionary agreements gives workers the right to work actions. The result was a nationwide housing and mortgage refinancing bubble, with artificially low interest rates permitting millions of borderline or unqualified borrowers to get mortgage loans on almost concessionary terms. |
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