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Glite Dictionary
💸 Easier terms 📄 Special permission 🤝 Willing to compromise
concessional

concessional

7.6
About a special permission or contract given by an authority
  • adjective
  • /kənˈsɛʃənl/
  • Formal
translation icon : concesionario
  • Many developing countries benefit from concessional loans that have lower interest rates than commercial loans.

Examples

  • Many developing countries benefit from concessional loans with lower interest rates.

  • The company received a concessional license to operate the new railway line.

  • The city council offered concessional terms to encourage investment in public transport.

  • The government provided concessional loans to small businesses affected by the pandemic.

  • Many countries offer concessional financing to developing nations.

  • The city council offered concessional terms, including reduced fees, to attract new businesses.

  • The organization secured a concessional contract to carry out development projects in underprivileged areas.

Synonyms

concessionary
vsconcessional
  • Specialized
7.2

Available on better terms than normal for loans, fares, or contracts

focuses on formal rights or licenses granted by authorities rather than preferential terms

How Official

authorized
1 3.6
concessional
  • Formal
7.6
informal
98 3.1

Surface Forms

concessional positive

Morphology

concessional = concession (semi-transparent) = concess + ion + al

The adjective is clearly formed from 'concession', but its institutional and financial uses are somewhat specialized rather than fully predictable for learners.

Etymology

Concessional comes from concede ('to give' or 'allow') and the word concession, a 'permission' or 'right' that is given by someone in power. So, concessional describes a license, contract, or right that is specially 'granted' under favorable terms.