Part of Speech

Adjective

Pronunciation

/kənˈsɛʃəˌnɛri/

Definitions

• Relating to or involving a concession, especially in terms of financial terms, privileges, or discounts.
• Referring to something granted as part of a concession or agreement, often offering reduced rates or special privileges.
• Of or relating to the person or entity holding a concession, often in business or governmental contexts.

Usage Examples

• The concessionary tickets were offered at a discounted rate to senior citizens.
• The concessionary benefits offered by the government were critical for the development of the rural infrastructure.
• As a concessionary tenant, he paid reduced rent for the property.

Etymology

From the word "concession," meaning something granted or yielded, combined with the suffix "-ary," which means pertaining to or connected with. The term "concessionary" emerged in the late 19th century to describe things related to or granted as part of a concession agreement.

Synonyms

• Discounted
• Preferential
• Reduced
• Special
• Favorable

Antonyms

• Standard
• Regular
• Full-price
• Unfavorable

Translations

Regional Pronunciation Variations

• In American English: /kənˈsɛʃəˌnɛri/
• In British English: /kənˈsɛʃəˌnɛri/
• In Australian English: /kənˈsɛʃəˌnɛri/

Historical Usage

The term "concessionary" began to be used in the late 19th century, initially to describe discounts or favorable terms provided as part of a concession agreement. It was especially relevant in the context of transport, business contracts, and government aid, where special privileges were granted under specific terms.

Cultural Nuances

The concept of being "concessionary" is particularly important in cultures with high levels of government intervention in business or social services. It often refers to special privileges or discounts given to specific groups, such as the elderly, students, or low-income populations. This practice is common in many countries as a way of providing financial assistance and ensuring broader access to essential services and goods.

More Information

The term "concessionary" is used broadly in economics, social programs, and business to refer to discounts, privileges, or terms granted as part of an agreement. These may be in the form of reduced rates, special conditions, or exclusive rights granted to a specific group or individual. Concessionary terms are often employed to make services more accessible, especially in public transport, government services, and development programs aimed at supporting marginalized or economically disadvantaged groups.