subconcession Definition
a concession granted by a concessionaire to another party, typically for a specific area or activity within the original concession.
Using subconcession: Examples
Take a moment to familiarize yourself with how "subconcession" can be used in various situations through the following examples!
Example
The company obtained a subconcession to operate a casino within the main concession.
Example
The subconcession agreement allowed the construction of a new terminal at the airport.
subconcession Synonyms and Antonyms
Synonyms for subconcession
- secondary concession
- sub-grant
- sub-lease
Summary: subconcession in Brief
'Subconcession' [sʌbkənˈsɛʃ(ə)n] refers to a concession granted by a concessionaire to another party, often for a specific area or activity within the original concession. Examples include obtaining a subconcession to operate a casino within the main concession or constructing a new terminal at an airport through a subconcession agreement.
