rate noun Meaning in Cambridge Business English Dictionary
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Meaning of "rate" - Business English Dictionary

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rate

noun [C]
 
 
/reɪt/
the speed at which something happens: at a fast/slow/steady rate The economy grew at a slower rate in the third quarter than previously estimated.an alarming/incredible/surprising rate The future of the channel is under threat after losing viewers and advertisers at an alarming rate.cut/reduce/slow down the rate The dip in consumer spending was a key factor in slowing down the rate of growth in the economy. double/increase/speed up the rate of sth improve/maintain the rate of sth
the amount of something, or the number of times something happens in a particular period: at a rate of 20%/100 a day, etc. The group's business plan shows it growing at its current rate for the next five years.rising/falling rate The report examines the reasons for the rising rate of personal bankruptcy.unemployment/jobless rate Economists predict that the unemployment rate will continue to rise over the next 12 months. It is an area with high poverty and a high crime rate. the birth/death/divorce rate the failure/success rate
HR, INSURANCE an amount of money that is charged or paid for a particular service: cheap/competitive/reasonable rate The network offers the cheapest rates for mobile calls from abroad. The survey found that the average rate of pay was $9.51 per hour for women and $12.95 for men.charge/pay/set a rate We charge a rate of between €500 and €800 per day. a daily/hourly/weekly rate
FINANCE, TAX the amount that is charged as tax on income, interest on loans, etc., usually shown as a percentage: a competitive/reduced/special rate Some internet banks offer personal loans at highly competitive rates.falling/high/rising rate How much a bond fund falls in a rising rate environment depends on its duration.a fall/rise/cut in the rate We are likely to see a rise in the rate of VAT. an annual/monthly/quarterly rate the loan/savings ratea rate cut/increase/hike I think we need another rate increase to keep inflation down.
rates [plural] TAX, GOVERNMENT in the UK, a local tax paid for some public services: The company was told it had to pay rates of £1,100 a year on the small piece of land.
→  See also absorption rate , AER , APR , average rate , bank rate , base rate , basic rate , bill rate , capitalization rate , capped rate , cheque rate , click-through rate , compound rate , conversion rate , day rate , depreciation rate , discount rate , effective rate , effective tax rate , Euribor , exchange rate , fixed rate , flat rate , floating rate , going rate , growth rate , interbank offered rate , interest rate , lending rate , marginal rate , market rate , mortality rate , negative interest rate , nominal interest rate , piece rate , prime rate , rack rate , short-period rate , standard rate , tax rate , teaser rate , uniform business rate , variable rate , water rates
(Definition of rate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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