basic rate

noun Unabridged

base rate

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.

1920–25 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To basic-rate
World English Dictionary
base rate
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

basic rate
the standard or lowest level on a scale of money payable, esp in taxation

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature