CONCESSIONARY

Definition of CONCESSIONARY

CONCESSIONARY Adjective

Concessionary is an adjective that refers to something related to or characterized by a concession, often involving special allowances or reduced terms, particularly in financial, legal, or social contexts.

Offering Special Terms: Concessionary describes arrangements that involve special terms or reduced conditions, usually to offer some benefit or relief. For example, “The company offered concessionary rates on travel for its employees.” This usage highlights the practice of providing favorable terms or discounts.

Financial and Economic Contexts: In financial or economic contexts, concessionary refers to policies or measures that involve concessions, such as lower interest rates or subsidies. For instance, “The government introduced concessionary loans to support small businesses.” This reflects how financial measures can provide relief or support under specific conditions.

Legal and Regulatory Contexts: Concessionary can describe legal or regulatory provisions that grant exceptions or favorable conditions. For example, “The new regulation included concessionary clauses for small enterprises.” This usage emphasizes the legal adjustments made to accommodate particular groups or situations.

Social and Cultural Contexts: In social or cultural contexts, concessionary may refer to allowances or special treatments granted to certain groups. For instance, “Concessionary tickets were available for students and seniors.” This highlights the practice of offering special considerations to specific demographics.

Impact on Accessibility: Concessionary measures often aim to improve accessibility or reduce barriers for individuals or groups. For example, “The concessionary scheme was designed to make public transportation more accessible to low-income families.” This usage reflects the intent to enhance access through reduced terms or special arrangements.

Contrast with Standard Terms: Concessionary is contrasted with standard terms or conditions, emphasizing the difference between regular and reduced terms. For instance, “The concessionary pricing was significantly lower than the standard rates.” This highlights the specific nature of concessionary terms compared to usual conditions.

Implementation and Management: Concessionary arrangements require careful implementation and management to ensure they meet their intended goals. For example, “The concessionary benefits were monitored to ensure they reached the intended beneficiaries.” This usage reflects the need for oversight in managing special terms or allowances.

Cultural and Institutional Policies: Concessionary policies may be influenced by cultural or institutional norms, affecting how concessions are granted and perceived. For instance, “Different institutions had varying concessionary policies based on cultural practices.” This highlights how cultural and institutional factors shape concessionary practices.

In conclusion, concessionary is an adjective that refers to terms or conditions involving special allowances or reductions, often seen in financial, legal, social, and cultural contexts. Understanding concessionary helps in recognizing its impact on accessibility, contrast with standard terms, and the importance of effective implementation and management in various settings.

Examples of CONCESSIONARY in a sentence

  • The company offers concessionary rates for senior citizens.
  • They received concessionary benefits due to their low income.
  • The concessionary policy allows for reduced fees for students.
  • A concessionary ticket was available for those who qualified.
  • The government introduced a concessionary scheme to aid small businesses.
  • The hotel provided a concessionary discount to returning guests.
  • Concessionary terms were applied to the rental agreement.
  • The organization offers concessionary memberships for volunteers.

Origin of CONCESSIONARY

Concessionary traces its origins to the Latin word concessio, meaning “a yielding” or “grant,” derived from concedere (to concede), which combines con- (together) and cedere (to go, to yield). The term evolved through Old French and Middle English to describe something related to granting or yielding privileges or benefits.

  • Latin: Concessio (a yielding, grant), from concedere (to concede, to yield), from con- (together) + cedere (to go, to yield).
  • Latin: Concedere meant to grant or yield, combining con- with cedere (to go, to yield).
  • Old French: The term evolved to concession (a grant, yielding), reflecting the Latin meaning of yielding or granting something.
  • Middle English: Concessionary emerged as an adjective to describe something related to or characteristic of concessions or grants.

In contemporary English, concessionary describes something pertaining to concessions, especially in the context of privileges or benefits granted under specific conditions. It often refers to reduced rates, special allowances, or benefits provided as a form of concession. The term retains its core meaning from Latin, focusing on the concept of granting or yielding certain benefits or privileges.

Synonyms

  • Discounted
  • Reduced
  • Alleviated
  • Exempt
  • Lenient
  • Subsidized
  • Favorable
  • Relieved

Antonyms

  • Full-priced
  • Standard
  • Undiscounted
  • Rigid
  • Strict
  • Non-subsidized
  • Inflexible
  • Regular

Related

  • Concession
  • Discount
  • Relief
  • Subsidy
  • Adjustment
  • Reduction
  • Benefit
  • Waiver

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