annual concession fee

USAGE SUMMARY

The phrase "annual concession fee" is correct and usable in written English.
It can be used in contexts related to finance, contracts, or agreements where a fee is paid on a yearly basis for the right to use or access something, typically in a commercial setting. Example: "The company is required to pay an annual concession fee to operate the kiosk in the park."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Economists have joined environmental advocates and others -- even, at times, members of Mr. Berlusconi's own coalition -- in criticizing the program, the first to allow people to legalize buildings on government-owned land and protected habitats for an annual concession on top of the regular amnesty fee.

The New York Times

Note, that this rule applies to card membership fees (annual fees, application fees etc).

Huffington Post

Unlike the joint venture construction in the Maanshan case, Macau Government leaves all financial responsibilities to the private sector after the concession, and benefits from taxes, concession fees and discounts on government water bills (see Fig.  10).

Environmental Management

Also offer Student and Concession fees Perform! !

WikiHow

No late fees, annual fees, over the limit fees or cash advance fees.

Forbes

There are no annual fees, balance transfer fees or cash advance fees.

Huffington Post

The annual membership fee is $105.

The New York Times

(Costco members pay no annual card fee).

The New York Times

There is a $35 annual membership fee.

The New York Times - Travel

The annual rental fee for a plot is $10.

The New York Times

Annual membership fee and internet access required.

TechCrunch

Expert writing Tips

Best practice

When using the phrase "annual concession fee", ensure the context clearly defines what the concession entails to avoid ambiguity. For instance, specify the type of concession (e.g., mining, operating a food stall) for clarity.

Common error

Avoid using "annual concession fee" interchangeably with general "license fees" or "permit fees". Ensure that a true concession—granting specific rights or privileges—is actually involved, rather than a simple license or permit.

Linguistic Context

The phrase "annual concession fee" functions as a noun phrase, specifically designating a type of charge. Ludwig AI indicates that the phrase is considered correct and usable in written English. It identifies and labels a recurring cost associated with a granted privilege or right.

Expression frequency: Rare

Frequent in

News & Media

33%

Science

33%

Formal & Business

33%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "annual concession fee" denotes a recurring yearly payment for the right to operate under a concession. Ludwig AI confirms its grammatical correctness and usability. While not frequently encountered, it's used across diverse domains like news, science, and formal business contexts. When using this phrase, ensure clarity regarding the specifics of the concession to avoid ambiguity. Related alternatives include "yearly franchise fee" and "annual licensing fee", offering nuanced variations. It's important to use this phrase precisely, avoiding its generic interchange with simpler license or permit fees.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

yearly franchise fee

Replaces "concession" with "franchise", implying a similar type of agreement.

annual licensing fee

Substitutes "concession" with "licensing", focusing on the permission aspect.

annual permit fee

Replaces "concession" with "permit", suggesting a permission for a specific activity.

yearly usage fee

Focuses on the "usage" aspect of the concession, implying a charge for use.

annual operational fee

Highlights the "operational" aspect, suggesting a fee for maintaining operations under the concession.

annual right of way fee

Specific to concessions involving rights of way, such as pipelines or roads.

yearly access fee

Emphasizes the aspect of access granted by the concession.

annual lease payment

Highlights the leasing aspect of the concession.

annual royalty payment

Implies a payment based on revenue generated from the concession.

annual service charge

Broadly describes a yearly charge for services related to the concession.

FAQs

What is an "annual concession fee"?

An "annual concession fee" is a payment made each year for the right to operate a business or service on property owned by another party, often a government or large organization. This fee grants the concessionaire specific rights and privileges not available to others.

How does an "annual concession fee" differ from a rental fee?

While both involve payments for property use, an "annual concession fee" typically includes additional rights or privileges beyond simple occupancy. A rental fee is usually for space alone, while a concession fee grants operating rights within that space. Also, while both can be yearly, a "rental fee" does not necessarily need to be so.

Are "annual franchise fee" and "annual concession fee" interchangeable?

Not exactly. An "annual concession fee" is typically associated with operating on someone else's property, while an "annual franchise fee" is paid to a parent company for the right to use their brand and business model, regardless of location.

What factors determine the amount of an "annual concession fee"?

Several factors can influence the fee amount, including the location's desirability, the potential revenue from the concession, the exclusivity of the rights granted, and any specific terms negotiated in the concession agreement.