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Meaning of “market-rate” in the English Dictionary

"market-rate" in Business English

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uk   us   PROPERTY
used to describe ​property that is ​sold at the usual ​marketprice rather than at a ​reducedprice so that ​poorerpeople 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 ​currentmarketrate for any ​domainnameregistration. They put it out at a ​price that was more than $50 below the ​marketrate.
(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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