Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “going rate”

going rate

noun [C]
 
 
FINANCE
the amount of money that something costs at the present time: the going rate for sth The going rate for a skilled architect in India is about $50,000 per year.twice/three times, etc. the going rate Firms advertising cheap life insurance are actually charging many customers up to five times the going rate.
(Definition of going rate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of going rate?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “going rate”

Word of the Day

glacial

made or left by a glacier

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More