Concessional

/kənˈsɛʃənəl/ adjective

Definition

Relating to or involving a concession; granted at a reduced rate or under special terms.

Etymology

From 'concession' plus the adjective suffix '-al' meaning 'relating to.' Often used in economics and government.

Kelly Says

Developing countries often get 'concessional loans' from the World Bank—lower interest rates and longer repayment times, like a financial mercy rule!

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