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concessionary

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
con·ces·sion  (kn-sshn)
n.
1. The act of conceding.
2.
a. Something, such as a point previously claimed in argument, that is later conceded.
b. An acknowledgment or admission.
3. A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
4.
a. The privilege of maintaining a subsidiary business within certain premises.
b. The space allotted for such a business.
c. The business itself: had an ice-cream concession in the subway station.

[Middle English, from Latin concessi, concessin-, from concessus, past participle of concdere, to concede; see concede.]

con·cession·al adj.
con·cession·ary (-ssh-nr) adj.
Translations

concessionary [kənˈsɛʃənərɪ] adj [ticket, fare] → con descuento, a precio reducido
concessionary [kənˈsɛʃənrɪ] adj [ticket, fare] → à tarif réduit
concessionary [kənˈsɛʃənrɪ] concession adjermäßigt
concessionary [kənˈsɛʃənərɪ] adj [ticket, fare] → a prezzo ridotto

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Concessionary leases pose another kind of problem: If a tenant has been given several months of rent-free occupancy, then that tenant's lease should be updated to show the real monthly rental income.
But AFA told the appeals court that NWA's imposition of cuts despite flight attendants' rejection of two tentative concessionary agreements gives workers the right to work actions.
The result was a nationwide housing and mortgage refinancing bubble, with artificially low interest rates permitting millions of borderline or unqualified borrowers to get mortgage loans on almost concessionary terms.
 
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