raterate1 /reɪt/ noun [countableC]1a charge or payment fixed according to a standard scaleWe have advised (=informed) our client of your hourly rate.
The councils have powers to set minimum rates of pay.
I’m told $25 an hour is the going rate (=the usual amount paid) for private tuition.
→ cheque rate → day rate → market rate → piece rate → rack rate2the number of examples of something or the number of times something happens, often expressed as a percentageCanada’s unemployment rate rose to 8.3% of the working population in August.
The pension finding service has an 87% success rate.
The failure rate of small businesses is notoriously high.
→ click rate → conversion rate → mortality rate3the speed at which something happensCompanies have been going out of business at an incredible rate (=very fast).
→ absorption rate → depreciation rate4 (also tax rate)TAX the part of your income or the part of the price of something that you pay in taxThose who earn $180,000 to $280,000 will see their tax rates drop to 31% from 33% this year.
→ basic rate → effective tax rate → marginal rate → standard rate → uniform business rate5 (also interest rate)FINANCEBANKING the percentage charged for borrowing money, or a percentage you receive when you put money in a bank, make an investment etcInterest rates are falling and now is the time to buy property.
The rate on the bank’s standard credit cards will be 18.9%.
Mortgage rates will fall; corporate bond rates will fall; municipal bonds rates will also fall.
the most recent changes in the short and long rates (=the rates for borrowing over short and long periods of time)
→ annual equivalent rate → annual percentage rate → Bank of England minimum lending rate → bank rate → base rate → bill rate → capitalization rate → capped rate → compound rate → coupon rate → discount rate → effective rate → European interbank offered rate → fixed rate → flat rate → floating rate → interbank offered rate → key rate → minimum lending rate → negative interest rate → nominal interest rate → prime rate → teaser rate → variable rate6 (also insurance rate)INSURANCE the amount you have to pay for insuranceWomen drivers get cheaper insurance rates because their accident records are better.
→ average rate → short-period rate7a payment for a public service, usually based on the value of the property owned by the person who uses the servicea non-domestic water rate of 3.4 pence in the pound