What are concessionary terms?

A concession agreement is a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property, subject to particular terms. Concession agreements are sometimes used to take advantage of other nations.

What does concession mean in business?

What is a concession? It is a kind of partnership between the public sector and a (usually) private company that has shown its added value in a specific area, for example developing infrastructure.

How do you use concessionary in a sentence?

1 Concessionary tickets are available at half the standard price. 2 There are concessionary rates for students. 3 Airline employees also enjoy concessionary travel. 4 The concessionary fares scheme in London will continue.

What does concessionary route mean?

concession road in American English Canadian. any of the parallel roads of a township, about a mile apart, following closely the original survey lines.

What is a concessionary payment?

Concession payment means a payment from a private entity to a responsible public entity in connection with the development and/or operation of a qualifying transportation facility pursuant to a concession.

What are concessionary companies?

“Concessionary companies” refers to a system of colonial rule that employed. private companies that gave up substantial control over their operations to a sponsoring European government in order to participate in colonial expansion.

What are the types of concession?

There are several kinds of concessions, represented by the three concession forms: Pre-requisite Waivers, General Concessions (different kinds, which are specified in the checklist on the form); and Timetable Clashes.

Why are concessions used?

Concession is a literary device used in argumentative writing, where one acknowledges a point made by one’s opponent. It allows for different opinions and approaches toward an issue, indicating an understanding of what causes the actual debate or controversy.

How do you start a concession paragraph?

You begin this paragraph by admitting that there are some who do not accept your thesis, and that there is the possibility for holding a different point of view. You then provide one or two reasons for holding such a point of view, reasons that work against your thesis.

Why is it called concessions?

Some events or venues contract out the right to sell food to third parties. Those contracts are often referred to as a concession — hence the name for a stand where food is sold.

What do you mean by concessionary price in English?

A concessionary price is a special price which is lower than the normal one and which is often given to old people, people who are unemployed, and students . There are concessionary rates for students. COBUILD Advanced English Dictionary.

Which is the correct definition of the word concession?

pertaining to concession; of the nature of a concession: concessionary agreements. noun, plural con·ces·sion·ar·ies. a concessionaire. Think you remember last week’s words? Take this quiz on the Words of the Day from April 6–12 to find out! a person who dances professionally, as on the stage.

What are the terms of a concessionary loan?

Expanding options for corporate and individual investors to provide debt financing at concessionary rates is a potentially high-impact model that should be further explored. The cotton was provided at concessionary terms on low-interest loans with twenty-to forty-year grace periods.

What was the role of the concessionary companies?

The concessionary companies, active until the late 1920s, imposed a barter economy that deliberately prevented any substantial monetary exchanges. The concessionary contract embodied a colonial relationship that needed to be transformed in a postcolonial environment.