Definition, Meaning & Synonyms
concessional
adjective
/kənˈsɛʃənl/
Definition
relating to or denoting the granting of concessions.
Examples
- The bank offers concessional loans to support small businesses.
- Many governments provide concessional aid to developing countries.
- The concessional agreement enabled them to pay lower interest rates.
Meaning
Concessional refers to something that is provided with special favor or under easier conditions, often in terms of financial or lending terms.
Synonyms
- preferential
- favorable
- subsidized
- discounted
