These are loans that are extended on terms substantially more generous than market loans . The concessionality is achieved either through interest rates below those available on the market or by grace periods, or a combination of these. Concessional loans typically have long grace periods.
What is meant by concession agreement?
A concession agreement is an agreement between a Government Authority and a Private entity, through which the Government grants certain rights to the Private entity for a limited period of time .
What does concession term mean?
1a : the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat) The union will seek further concessions before accepting the contract. b : the admitting of a point claimed in argument. 2 : something conceded or granted: a : acknowledgment, admission.
What is a concession in legal terms?
A concession agreement is a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property, subject to particular terms.
What are entrepreneurial concessions?
A concession is an arrangement where someone is given the right to sell a product or to run a business , especially in a building belonging to another business. [mainly US, business]regional note: in BRIT, usually use franchise.
What is an example of concession?
Examples of Concession: A teenager arguing to her parents that she needs a cell phone makes the following concession: ... A politician arguing that his country needs to send troops into a warzone makes the following concession: I know that any time we send troops into harm’s way, it is a risk that some will not come back.
What type of word is concession?
the act of conceding or yielding , as a right, a privilege, or a point or fact in an argument: He made no concession to caution.
What is a concessionaire model?
Essentially, the concession model involves a designated space in a department store that operates somewhat autonomously , where the brand often not only benefits from a physical separation, with its own signage, walls, furniture and displays, but also operates more independently, provides its own staff, and essentially ...
What is the difference between a franchise and a concession?
As nouns the difference between franchise and concession
is that franchise is a right or privilege officially granted to a person, a group of people, or a company by a government while concession is the act of conceding, especially that of defeat.
What is a concession in an argument?
A Concession is when you acknowledge or recognize the opposing viewpoint, saying that it has some merit . A reader of your essay is more likely to listen to you if you show you can see his/her point of view before you counter that argument.
How do concessions work?
It works like this: The buyer (or the buyer’s agent) negotiates the concession amount with the seller or the seller’s agent . ... Concessions don’t give buyers cash back at closing, nor can they be used to cover the buyer’s down payment. They’re strictly intended to reduce what the buyer pays at closing.
What is the best concession food to sell?
- Cotton Candy.
- Nachos.
- Pretzels.
- Roasted Nuts.
- Snow Cones.
- Corn Dogs.
- Pretzels.
- Ice Cream.
What is a concession area?
Concession (territory), an area within one country that is administered by another , usually conceded by a weaker country to a stronger one.
What are the tax concessions available for SSI?
Under Section 32 of the Income Tax Act, 1961, a small-scale industry is entitled to a deduction on depreciation account on block of assets at the prescribed rate. ... 20 lakh deduction for depreciation on plant and machinery on the diminishing balance method.
What is concession land?
A land concession is a contract between the Government and another actor that gives specific rights to control an area of land for a fixed period of time and for the conduct of specific activities in that area. ... There have also been concessions granted for mining, port and fishing purposes, and for tourism.
How do you start a concession paragraph?
You begin this paragraph by admitting that there are some who do not accept your thesis , and that there is the possibility for holding a different point of view. You then provide one or two reasons for holding such a point of view, reasons that work against your thesis.
