əl/ us/kənˈseʃ. ən. əl/ offered at a better rate than usual, for example at a lower rate of tax or a higher rate of an allowance: The scheme allows the import of capital goods for export production at a concessional rate of duty.

Concessionary loans are loans that offer more generous terms than market rate loans. These terms may be lower interest rates, a longer pay-back period, or grace periods (source). This allows different kinds of borrowers to access capital at terms that are affordable and offer the flexibility that borrower requires.

• Reserve Tranche.
• Credit Tranches.
• Stand-By Arrangements.
• Extended Fund Facility (EFF).
• Compensatory and Contingency Financing Facility.
• Buffer Stock Financing Facility.
• Supplemental Reserve Facility (SRF).
• Enhanced Structural Adjustment Facility (ESAF).

Concessional loans are issued by development finance institutions (DFIs) and non-governmental finance organisations. Compared to commercial banks, these organisations accept a higher risk in return for beneficial social and/or environmental impact.

People over 60 are offered concessions regardless of their ability to pay and even when they are below the state pension age, according to the Intergenerational Foundation (IF), a charity that researched 35 of the UK’s leading attractions’ ticketing policies.

As nouns the difference between concession and discount is that concession is the act of conceding, especially that of defeat while discount is discount (reduction in price).

A concession is a discount for children, seniors, students etc.

People in receipt of Pension Credit, Universal Credit, Income Support or Job Seekers allowance, Students, Children (12–18 years) and disabled people (with free entry for one carer) are entitled to a concession discount.

Concession sentence example. This concession involved important consequences. Genoa determined to oppose the concession , and war broke out. But even this concession did not satisfy them; they dethroned Selim and proclaimed his nephew Mustafa.

noun. the act of conceding or yielding, as a right, a privilege, or a point or fact in an argument: He made no concession to caution.

A concessionary price is a special price which is lower than the normal one and which is often given to old people, people who are unemployed, and students.

Subconcession means the contract for the operation of games of chance and other casino games in Macau dated 8 September 2006 and entered into by Wynn Resorts (Macau), Limited and Melco Crown Gaming (Macau) Limited.

This combination of concession and refutation actually strengthens your own argument; it appeals to logos by demonstrating that you understand a viewpoint other than your own, you’ve thought through the evidence, and you stand by your view.

Concession is the most powerful logical tactic. When you argue, you can choose tactics from logos, ethos, or pathos (or logic, emotion, and character.) Concessions is one of the most powerful logical tactics because you’re bridging truths to get to your point.

In most cases, therefore, it is best to place this paragraph of concession just before your conclusion, as the second-to-last paragraph. In some cases, though, it is best to place this paragraph of concession immediately after your introduction, in the second paragraph of the whole essay.