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

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
base rate
 
n
1.  (Brit) the rate of interest used by individual commercial banks as a basis for their lending rates
2.  informal (Brit) the rate at which the Bank of England lends to the discount houses, which effectively controls the interest rates charged throughout the banking system
3.  statistics the average number of times an event occurs divided by the average number of times on which it might occur

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
The pricing will be determined by a base rate charge plus a standard mileage charge.
The base rate will be added on each end of the trip.
Generally, the bigger your meter opening, the higher the base rate.
The population base rate for high-risk travelers is extremely low.
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