Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “flat rate”

flat rate

noun [C]
 
 
a rate that is fixed at a particular level that does not change, however much work is done or however much a service is used: The only exceptions to this flat rate are calls to 0800 and 0808 numbers. They were the first to introduce flat-rate pricing for texts and mobile broadband. a flat-rate contribution
FINANCE a rate of interest on a loan that is charged on the original amount that was borrowed, not on the amount of debt that is still to be paid back: If you borrow £5,000 on a 6% flat rate, you will still pay 6% interest on £5,000 in the last year, when most of the loan has already been repaid. → Compare APR
a rate that is the same for everyone: Employees will contribute a flat rate of £15 monthly.
(Definition of flat rate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of flat rate?
Add Cambridge dictionaries to your browser to your website

Definitions of “flat rate” in other dictionaries

Translations of “flat rate”

Word of the Day

monster

any imaginary frightening creature, especially one that is large and strange

Word of the Day

What’s that lovely smell?

by Kate Woodford,
October 29, 2014
As adult humans, we can distinguish about 10,000 different smells. It’s no wonder, then, that we have so many words and expressions to describe them. This week we’re taking a look at those smell words – words that describe good smells and words that describe bad smells. Most smell words are either

Read More 

high-frequency trading noun

October 27, 2014
a type of stock market trading that uses very complex technology to trade extremely quickly, often making tiny profits which nevertheless add up to substantial sums Lewis’s book, Flash Boys, is driving a huge amount of attention toward the topic of high frequency trading, and it has rekindled some of

Read More