Definition of concessional in English:

concessional

adjective

  • (of a rate or allowance) constituting a concession:

    ‘a concessional interest rate’
    • ‘At the point of withdrawal, a concessional rate of tax would apply (with the benefits of this concession skewed towards low and middle income earners).’
    • ‘The British wanted gifts of money and materiel; failing that, they sought unrestricted, unsecured loans at concessional rates.’
    • ‘That's 12 times the IMF's concessional net lending to the entire world in 2001.’
    • ‘To measure the vulnerability of a country to concessional lending disruption, we will first measure the volume of financial benefit from borrowing at concessional rates.’
    • ‘They're a big business, but in terms of taxation and other types of treatment they receive concessional status as if they're charity.’
    • ‘Those children identified with medical problems would be offered further treatment or surgery at concessional rates, said organising secretary of the exhibition, S. Balasubramaniam.’
    • ‘This Government brought back the concessional 50 per cent rate of capital gains tax just, really, to suit high-income earners.’
    • ‘I was there when we moved from concessional interest rates through to market rates.’
    • ‘The ASSLH welcomes new members; there are categories for institutions and individuals; a concessional rate is also available.’
    • ‘This full set is being sold at a concessional price.’
    • ‘Reddy is a powerful speaker and notes that most farmers in India are ‘second class citizens, social outcasts, who produce food at concessional rates for 1 billion people.’’
    • ‘Public transport receives concessional VAT rates in all members.’
    • ‘I agreed a nominal concessional rate of £10,000 per day from 28th November 1999, the day after completion of contract 1.’
    • ‘Compared to most IMF loans, which are at market terms, SAF and ESAF credits were made extraordinarily concessional, carrying annual interest charges of only 0.5 percent.’
    • ‘The deadline of the project, under which all schools in Bangalore will be offered BMTC bus service at concessional rates for ferrying students, was extended from June 1 to July 1 to create public consensus.’
    • ‘Dialysis was provided free of cost and medicines were given at concessional rates.’
    • ‘The majority of four-wheel drive vehicles continue to taxed at the concessional rate of 5 per cent import duty while passenger vehicles incur a 15 per cent duty.’
    • ‘The first option offers a concessional return fare of Rs.699 a month for an adult and Rs.466 for children.’
    • ‘This is measured by multiplying the total loan by the difference between the market interest rate and the concessional interest rate.’
    • ‘This will probably force the new country to accept loans, albeit at concessional rates.’

Pronunciation:

concessional

/kənˈsɛʃ(ə)n(ə)l/