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concession
(redirected from concessional)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.06 sec.
concession
1. Brit a reduction in the usual price of a ticket granted to a special group of customers
2. any grant of rights, land, or property by a government, local authority, corporation, or individual
3. US and Canadian
a. the right to maintain a subsidiary business on a lessor's premises
b. the premises so granted or the business so maintained
c. a free rental period for such premises


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regular payments over a period of time, the concessional tax rate is raised to $1,297,886 (2005/2006 amounts).
The facility must be designed to ensure that the lack of funds does not impede the implementation of basic stabilization programmes, such as starting off the school system, and will operate, if necessary, on a highly concessional or a full-grant basis.
The existence of a complex structure of interest rates arising from economic and social concerns of providing concessional credit to certain sectors resulted in "cross subsidisation" which implied that higher rates were charged from non-concessional borrowers.
 
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