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concession
(redirected from concessionary)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.03 sec.


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Concessionary leases pose another kind of problem: If a tenant has been given several months of rent-free occupancy, then that tenant's lease should be updated to show the real monthly rental income.
But AFA told the appeals court that NWA's imposition of cuts despite flight attendants' rejection of two tentative concessionary agreements gives workers the right to work actions.
The result was a nationwide housing and mortgage refinancing bubble, with artificially low interest rates permitting millions of borderline or unqualified borrowers to get mortgage loans on almost concessionary terms.
 
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