Meaning Of The Word Base rate

Real Dictionary

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Base rate Meaning

Base rate Definition
Base rate Definition

What's The Definition Of Base rate?

base rate
countable noun: In Britain, the base rate is the rate of interest that banks use as a basis when they are calculating the rates that they charge on loans.

base rate in American English
noun: the rate of pay per unit of time, as by the hour, or per piece, or for work performed at an established standard rate

base rate in British English
noun: the rate of interest used by individual commercial banks as a basis for their lending rates

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