Definition, Meaning & Synonyms

concessionaria

Noun

kon-seh-syo-NAH-ree-ah

Definition

A company or entity that operates and manages particular services, often under an agreement with a government or another organization.

Examples

The concessionaria was responsible for maintaining the highway.
Many travelers prefer to rent cars from the local concessionaria at the airport.
The city awarded the concessionaria the contract to run public transport services.

Meaning

The term ‘concessionaria’ refers to an organization or business that has the right to operate or manage a specific service or facility, often granted through a formal concession agreement.