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Meaning of “market-rate” in the English Dictionary

"market-rate" in Business English

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market-rateadjective

uk   us   PROPERTY
used to describe property that is sold at the usual market price rather than at a reduced price so that poorer people can live there: There are more market-rate apartments for sale than there were three years ago.

market ratenoun [S]

uk   us   also going rate COMMERCE
the amount of money that something costs at a particular time: the market rate for sth That is the current market rate for any domain name registration. They put it out at a price that was more than $50 below the market rate.
(Definition of market-rate from the Cambridge Business English Dictionary © Cambridge University Press)
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“market-rate” in Business English

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