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Base rate

the rate of pay per unit of time, as by the hour, or per piece, or for work performed at an established standard rate.
Contemporary Examples

The Bush tax cuts expire in the plan, and the Buffet rule would tax millionaires a base rate of 30 percent.
Obama’s 2013 Budget: Perfectly Reasonable, Absolutely Terrible Daniel Stone February 12, 2012

Historical Examples

For this distance the base rate of sixty cents per hundred pounds, first class, is fixed by common agreement.
Railroads: Rates and Regulations William Z. Ripley

Thus a rate is found which is reduced to a percentage of the original Chicago base rate.
Railroads: Rates and Regulations William Z. Ripley

Their counterparts today are paid a monthly base rate of $592 and $800.
The Civil War Centennial Handbook William H. Price

(Brit) the rate of interest used by individual commercial banks as a basis for their lending rates
(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
(statistics) the average number of times an event occurs divided by the average number of times on which it might occur


Read Also:

  • Base rate fallacy

    noun (statistics) the tendency, when making judgments of the probability with which an event will occur, to ignore the base rate and to concentrate on other information

  • Base runner

    a player of the team at bat who is on base or is trying to run from one base to another. Historical Examples After making his first base, and thereby becoming a “base runner,” he is liable to be put out as follows. Every Boy’s Book: A Complete Encyclopdia of Sports and Amusements Various But […]

  • Base station

    a unit functioning as a transmitter and receiver of broadcasting or other signals, as in connection with a CB radio or mobile phone. Contemporary Examples FitBark, available for preorder ($69 for one device, $109 for one device and a base station), is more of a community device. Fitness Gadgets … for Your Dog Megan Humphreys […]

  • Base tenant

    a tenant of a base estate.

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