|
Concession A Claude-Mathias
Concession may refer to: General * Concession (contract) (sometimes called a concession agreement), a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate a "concession stand" within a venue * Concession stand, a temporary or permanent booth that sells snacks or fast food, typically found in movie theaters, amusement parks, fairs, public swimming pools, or festivals * Concession (territory), an area within one country that is administered by another, usually ''conceded'' by a weaker country to a stronger one * Concession (politics), failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game" *A step taken during negotiation whereby one party offers up something of value to them in order to work towards an agreement * Concessional loan, a loan with below-market terms * Concession road In Upper and Lower Canada, concession roads were laid out ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concession (contract)
A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity. Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility (such as a water privatisation) for a given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term ''affermage''), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains the responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
