base rate

noun

Definition of base rate

: an established and usually guaranteed rate of pay per unit of time (as per hour or day) or for production at the standard rate

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History and Etymology for base rate

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base rate

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Cite this Entry

“Base rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/base%20rate. Accessed 27 Oct. 2021.

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Britannica English: Translation of base rate for Arabic Speakers

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