basis rate

noun

Definition of basis rate

: the amount of premium per unit of insurance assumed and used as a starting point for computing the specific rates to be charged to policyholders

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Learn More About basis rate

Dictionary Entries Near basis rate

basis point

basis rate

basisternum

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Cite this Entry

“Basis rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/basis%20rate. Accessed 5 Dec. 2021.

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