base rate
noun
the rate of pay per unit of time, as by the hour, or per piece, or for work performed at an established standard rate.
Also called
basic rate.
Origin of base rate
First recorded in 1920–25
Words nearby base rate
base pairing,
base path,
base pay,
base period,
base price,
base rate,
base rate fallacy,
base runner,
base speed,
base station,
base tenant
British Dictionary definitions for base rate
base rate
noun
British
the rate of interest used by individual commercial banks as a basis for their lending rates
British informal
the rate at which the Bank of England lends to the discount houses, which effectively controls the interest rates charged throughout the banking system
statistics
the average number of times an event occurs divided by the average number of times on which it might occur