concessionality

Noun

  • The degree by which a loan or trade reduces the lender's or one trading partner's returns in comparison with what they would get at full market rates.
  • A mechanism by which a loan or trade agreement results in the lender or one party receiving less than full market value.

Modern English dictionary

Explore and search massive catalog of over 900,000 word meanings.

Word of the Day

Get a curated memorable word every day.

Challenge yourself

Level up your vocabulary by setting personal goals.

And much more

Try out Vedaist now.