Focus on the pronunciation of standard rate
English definition of “standard rate”
noun [C] UK
› (also standard rate of interest) BANKING, FINANCE the normal percentage amount that a bank charges customers for borrowing money: charge/pay a standard rate Our discounted rate ended this year and we have been paying the bank's standard rate of 6.1% ever since.
› (also standard rate of income tax) TAX the normal rate of income tax paid by most people who do not have an especially high or low income: These figures apply to people who pay income tax at the standard rate.
› TAX the normal rate of value-added tax: The standard rate of VAT is due to rise to 20%.
› COMMUNICATIONS the usual rate that a phone company charges customers for calling a normal phone number: On a weekday, calls cost 6p a minute, standard rate. → Compare premium rate standard-rate adjective [before noun] › The net cost is £5,300 if you are a standard-rate taxpayer.