Related Words

Concession: A private business that operates at a public facility.

Concessional (Export) Sale: A sale in which a foreign buyer is allowed loan payment terms that are more favorable than those obtainable in the commercial market. Under P.L. 480, the concessional provisions (compared to . . . View Full Definition

Selling Concession: The discount underwriters offer the selling group on securities in a new issue.

Concession Agreement: The per-share or per-bond compensation of a selling group for participating in a corporate underwriting.

P.L. 480 (Or Public Law 480): P.L. 83-480 (July 10, 1954), also called Food for Peace, is the common name for food aid programs established by the Agricultural Trade Development and Assistance Act of 1954, which seeks to . . . View Full Definition

Usual Market Requirements (UMR): A measure of the import requirement of a country met through commercial purchases: usually defined as a five-year average. The UMR is used to determine whether concessional sales (e.g., unde . . . View Full Definition

Mineral Interest: An ownership, lease, concession, or other contractual interest that gives a party the right to explore and extract mineral resources on a property.

Dispute Settlement Body (DSB): The General Council of the World Trade Organization, composed of all member countries, convenes as the Dispute Settlement Body to administer rules and procedures. It is responsible for adjud . . . View Full Definition

Acquisition: The purchase of one organization by another organization.

Cargo Preference Act: P.L. 83-644 (August 26, 1954), as amended, contains permanent legislation concerning the transportation of waterborne cargoes in U.S.-flag vessels. The Act requires that 75% of the volume of . . . View Full Definition