base rate
Definition 1
Accounting: Basic charge or wage to which other fees or benefits are added.
Definition 2
Banking: Benchmark lending rate for the UK banks. Unlike the discounted rate (‘prime rate’) quoted by the US banks to their best customers, even the most creditworthy customers of the UK banks must pay a premium over the base rate.
base rate is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
base rate appears in the definition of the following term: bank rate
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