CONCESSION AGREEMENT
Negotiated contract between a firm and a government, which gives the company the right to operate a given business within the government’s jurisdiction, subject to some conditions. This may also pertain to an agreement the the facility owner and concession owner or concessionaire granting the latter sole rights to operate a particular business in the facility, subject to some conditions. Regardless of the type of concession, the concessionaire normally pays the party granting the right ongoing charges, either a fixed amount or a portion of revenues.
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Investment Grade
A rating ascribed to bonds with relatively low risk of default. Rating agencies such as Standard & Poor’s use several designations that c ...
Certificateless Municipals
Municipal bond with only one certificate for the entire issue. Also a book-entry security, the absence of the certificate simplifies recordkeeping ...
Blue Ocean
Slang term for uncontested market space for an unidentified industry or innovation. Blue oceans refer to vast potential profits. Professors W. Chan ...
Debt Load
It is the leverage where in the company is carrying in its books. The amount of debt a firm is carrying can be found in the company's balance s ...
Adjustment Provision
A life insurance policy provision which permits the policy to be reiterated in different ways. This may involve decrease or increases to either the ...
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SEE FOREX TUTORIAL
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
Principles of Trading: Introduction
Trading is an active participation in the financial markets. Those who partake in buy-and-hold investing are called traders. Also called market pla ...
Digesting Financial Statements: Revenue
When it comes to reporting revenue, companies should pinpoint the perilous revenues, match reported revenues to the money at hand, and analyze and ...
An Introduction to Student Loans
A college education is one of the most essential investment in a person’s life. Unfortunately, in this time and age, it has also become one o ...
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