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base rate

 - 2 dictionary results

base rate

–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.
Also called basic rate.


Origin:
1920–25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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base rate

noun
the interest rate set by the Bank of England for lending to other banks 
WordNet® 3.0, © 2006 by Princeton University.
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