"Non-concessional" Pronounce,Meaning And Examples
"Non-concessional" Natural Recordings by Native Speakers
"Non-concessional" Meaning
In finance, "non-concessional" refers to a loan or investment that does not qualify for any concessions or benefits, often because it meets specific eligibility criteria or conditions. In other words, the loan or investment does not receive any preferential treatment, such as a lower interest rate or reduced fees, compared to a concessional loan or investment.
"Non-concessional" Examples
Usage Examples of "Non-Concessional"
Example 1: Borrowing
You can borrow money for a non-concessional purpose, such as buying a house, without being taxed on the interest earned. However, if you use the loan for an investment, the interest will be taxed as income.
Example 2: Superannuation
In Australia, superannuation contributions above a certain threshold are considered non-concessional contributions, meaning you won't receive a tax deduction for the contributions.
Example 3: Insurance
Some insurance policies, such as endowment policies, have non-concessional features, where the beneficiary is taxed on the lump sum payment upon death or maturity of the policy.
Example 4: Taxation
Non-concessional tax treaties between countries allow for reduced or zero taxation on income earned by residents of one country, but working in or generating income from another country.
Example 5: Education
A non-concessional scholarship is one that is awarded based on merit alone, without considering the student's financial situation or ability to pay. In contrast, a concessional scholarship is awarded based on financial need.
Note: These examples are based on the context of Australian taxation and financial systems. The usage of "non-concessional" may vary in different contexts.
"Non-concessional" Similar Words
Non-clustered
Non-clustered refers to a type of database index that stores data in a physical structure, such as a B-tree or a hash table, where the index key is not necessarily connected to any other key or record in the database. In other words, the index entries are not grouped together to form a cluster. This type of index is also known as a B-tree index or a self-balancing binary search tree.
Non-combatant
Non-commissioned
Non-committal
Non-compensatory
Non-compensatory refers to a decision-making process or a model where the evaluation of each option or factor is not weighted or adjusted in relation to others. In other words, each option or factor is evaluated separately, and a decision is made based on the greatest or worst aspect of each option, without considering the trade-offs or interrelationships between them. This approach is often used in situations where multiple criteria need to be considered, and a clear ranking or threshold is required. Non-compensatory decision-making is contrasted with compensatory decision-making, where the evaluation of each option or factor is weighted or adjusted in relation to others.
Non-compliance
Non-compliant
Non-conforming
Non-conformist
Non-conformists
Non-conformists are individuals or groups that refuse to conform to the norms, traditions, values, or customs of society. They often challenge the mainstream and may adopt alternative beliefs, attitudes, or behaviors that differ from what is considered acceptable or typical. Non-conformists can be found in various areas, such as politics, art, music, or social activism, and may be driven by a desire for change, self-expression, or personal autonomy.
Non-conformity
Non-conformity refers to the act of refusing to accept or follow traditional norms, conventions, or accepted patterns of behavior. It involves deviating from the standard or established practices and is often used to describe individuals or groups that challenge the status quo or resist cultural, social, or political norms.
Non-confrontational
Non-consecutively
Non-consensual
Non-consummation