Meaning of “burn rate” in the English Dictionary

"burn rate" in Business English

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burn ratenoun [ C ]

uk us

FINANCE the speed at which a new company spends the money that is available to it, when it is not making more money than it spends:

The new product, launched last year, has cut the company burn rate by more than 800%.

the speed at which something uses fuel or energy:

(Definition of “burn rate” from the Cambridge Business English Dictionary © Cambridge University Press)