effective rate Meaning in the Cambridge English Dictionary
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Meaning of “effective rate” in the English Dictionary

"effective rate" in Business English

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effective ratenoun [C]

uk   us  
FINANCE an ​actualrate after everything has been considered, rather than a ​rate that is ​planned, ​offered, etc.: Small ​businesses should ​benefit from a ​reduction in the ​effectiverate of capital-gains ​tax. The ​buildingsociety will ​knock 1.25% off its ​standardvariablerate, giving an ​effectiverate of 4.34%, for ​housesbuilt to ​energy-efficientcriteria.
(Definition of effective rate from the Cambridge Business English Dictionary © Cambridge University Press)
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