adjective
- relating to or involving a concession or special privilege, especially reduced rates or favorable terms
Usage: often used in business and finance contexts
Examples
- The bank offered concessional loans to first-time homebuyers.
- Students can purchase tickets at concessional rates.
- The government provided concessional financing for the infrastructure project.
- Senior citizens are eligible for concessional pricing on public transportation.
- The company negotiated concessional terms with its suppliers.
- Concessional interest rates were available for small businesses during the economic downturn.