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rate base

 - 3 dictionary results

rate base

–noun
1. a guaranteed minimum amount or number used to compute advertising rates, as the number of subscribers to a publication.
2. a basic amount or number used to compute charges to a customer, as the number of monthly phone calls.
3. the valuation of property upon which tax rates are based.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

rate base

The valuation of a utility's assets for the purpose of determining the rates the utility is permitted to charge its customers. Exactly what a utility should be permitted to include in its rate base is often a point of contention between it and its customers.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: rate base
Function: noun
: the total fair value of public utility property that is used in rendering services and that comprises the investment on which a fair rate of return is based in setting utility rates
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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