Basic rate

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.
Historical Examples

But the basic rate to the East and Europe, fixing the all-rail rates, is the combined lake and rail.
Railroads: Rates and Regulations William Z. Ripley

It would also permit the President to raise the basic rate from 20% to 25%.
The Invisible Government Dan Smoot

These rates vary from about one-third to more than double the basic rate.
Area Handbook for Romania Eugene K. Keefe, Donald W. Bernier, Lyle E. Brenneman, William Giloane, James M. Moore, and Neda A. Walpole

the standard or lowest level on a scale of money payable, esp in taxation
(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:

  • Basic rate interface

    basic rate interface communications (BRI, 2B+D, 2B1D) An Integrated Services Digital Network channel consisting of two 64 kbps “bearer” (B) channels and one 16 kbps “delta” (D) channel, giving a total data rate of 144 kbps. The B channels are used for voice or user data, and the D channel is used for control and […]

  • Basic salary

    base pay. Contemporary Examples Footmen and housemaids start on a basic salary of £13,634 a year, which can rise after five years by £2,000 a year. Juiciest Bits From the Royal Exposé Tom Sykes October 30, 2011 Historical Examples More rankling to Mrs. Clive than basic salary was her being forced to pay for her […]

  • Basic salt

    a salt formed by the partial neutralization of a base. Historical Examples If the temperature is raised above this point, S10 decomposes into the basic salt B1-1-1 and solution. The Phase Rule and Its Applications Alexander Findlay The procedure is therefore first to treat the skins with a chrome solution which forms only small quantities […]

  • Basic service set

    basic service set networking (BSS) A wireless local area network and all the wireless devices (e.g. PCs and laptops) that are associated with it. A BSS may or may not include an access point and is identified by a BSSID. (2009-05-12)

  • Basic slag

    slag formed by the basic process of steelmaking, used as a furnace or converter lining or as a fertilizer. Historical Examples Along with basic slag, potash salts have been frequently used for grass on light land with advantage. Encyclopaedia Britannica, 11th Edition, Volume 17, Slice 5 Various It should never, for example, be used along […]

Disclaimer: Basic rate definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.