rate base

noun

Legal Definition of rate base

: 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

Comments on rate base

What made you want to look up rate base? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

redoubtable

formidable, illustrious, or eminent

Test Your Vocabulary

The Exceptions Quiz III

Which of these words does not mean "nonsense"?

Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ

Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ