Meaning of “peak fare” in the English Dictionary

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"peak fare" in Business English

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peak farenoun [ C ]

uk us TRANSPORT, COMMERCE

a higher price that you pay to travel on a bus, train, plane, etc. during a time when a lot of people travel:

The Transit Authority will continue with plans to increase peak fares to $2.75 for bus rides.
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(Definition of “peak fare” from the Cambridge Business English Dictionary © Cambridge University Press)