minimum rate


: an insurance rate applied uniformly to all risks within a given group or class regardless of possible differences in hazards
: the lowest permissible rate at which traffic may be handled by a carrier
: the lowest wage rate assigned for a given task or to a given class of employees compare minimum wage

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Dictionary Entries Near minimum rate

Cite this Entry

“Minimum rate.” Dictionary, Merriam-Webster, Accessed 3 Dec. 2023.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!