Concession
Definition of "Concession"
(1) Right to engage in and earn from a particular activity in return for services or for a particular use. (2) Reduced price used as an incentive. (3) Permission or right, granted by a governmental body, to use property for a particular type of business in a specific area or place. (4) Compensation for the underwriters work in a new security issue of a real estate company.
Popular Real Estate Terms
Expected period of benefit used to depreciate business property, plant, and equipment. The guidelines may be developed by the industry or Internal Revenue Service (IRS). ...
Cancellation of a contract such as when a real estate agreement is deemed illegal. ...
Paneled brickwork between timber quarters, a framed wall, or partition. ...
Land subject to an easement. ...
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Items of real and personal property that usually have a long life, such as housing and other real estate. ...
Structure that has the same blue print and design as all the other homes in a given development; the opposite of custom built. ...
principal line running north and south in the government rectangular survey method. Other meridians, each 24 miles apart, are surveyed from the principal meridian. ...
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