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base rate
(redirected from Base rates)

   Also found in: Financial, Wikipedia 0.07 sec.
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
Noun1.base rate - the interest rate set by the Bank of England for lending to other banks
Britain, Great Britain, U.K., UK, United Kingdom, United Kingdom of Great Britain and Northern Ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom
interest rate, rate of interest - the percentage of a sum of money charged for its use
Translations
base rate n (Fin) → tasso base
base rate n (Fin) → tasso base


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? Mentioned in ? References in periodicals archive
 
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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