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base rate |
Also found in: Financial, Encyclopedia, Wikipedia | 0.01 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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