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English definition of “burn rate”

burn rate

noun [C]    
FINANCE the speed at which a new company spends the money that is available to it, when it is not making more money than it spends: The new product, launched last year, has cut the company burn rate by more than 800%. → See also cash burn rate
the speed at which something uses fuel or energy: The plane's in-flight systems monitor the fuel burn rate.
(Definition of burn rate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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