Is Concessionary a Word?

pertaining to concession; of the nature of a concession: concessionary agreements.

Is concession the past tense of concede?

a concede (third-person singular present conced, past participle conces) 3rd conj.

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.