rate

rate definition - business

rate

  1. A price or charge relative to some basis such as units or time. For example, a plumber's rate for labor is $25 per hour.
  2. See interest rate.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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