Related to or involving a concession, which is a special right or privilege granted by a government or authority.
From Late Latin concessio (a granting), derived from concedere (to grant or yield), combining con- (together) and cedere (to go/yield). The -ary suffix indicates a relationship or connection to the noun.
During the British colonial era, concessionary agreements were used to control vast territories—Britain would grant mining or trade concessions to companies, effectively privatizing colonization. This word literally shaped the borders and economics of modern nations.
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