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Definitions from the Web

Subconcession

Noun: A legal agreement by which a concessionary grants part of their rights, privileges, or properties to another party.

Sample Sentence: The government subconcession allowed the private company to operate a casino in the city.

Noun: The act or process of subconceding certain rights, privileges, or properties to a subordinate party.

Sample Sentence: The subconcession of land to local communities helped foster a sense of ownership and responsibility among the residents.

Noun: A subordinate concessionary that is granted certain rights, privileges, or properties by a primary concessionary.

Sample Sentence: The subconcession was awarded to a reputable construction company for the development of the new infrastructure project.

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