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base rate |
Also found in: Financial, Wikipedia | 0.07 sec. |
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base rate n
1. (Economics, Accounting & Finance / Banking & Finance) Brit the rate of interest used by individual commercial banks as a basis for their lending rates 2. (Economics, Accounting & Finance / Banking & Finance) Brit informal the rate at which the Bank of England lends to the discount houses, which effectively controls the interest rates charged throughout the banking system 3. (Mathematics & Measurements / Statistics) Statistics the average number of times an event occurs divided by the average number of times on which it might occur ThesaurusLegend: Synonyms Related Words Antonyms
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This reduction signals a victory for Insurance Commission John Garamendi in his battle to get companies to base rates primarily on driving safety, miles driven, and driving experience as opposed to ZIP codes. Businesses in the Parry Sound Area Industrial Park are bracing for hikes in their base rates for water and sewer in July. Base rates for drinking combined with sexual risk taking are also difficult to determine. |
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