Meaning of “day rate” in the English Dictionary

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"day rate" in Business English

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day ratenoun [ C ]

uk us

HR the amount of money a company has to pay someone to work for them for a day:

Do you normally charge a day rate or an hourly rate?

the price of using a room in a hotel during the day without staying the night:

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