market rate

  

Definition

the usual price in the market

Example: We pay the market rate for temporary staff or We pay temporary staff the market rate.


Use market rate in a sentence

  • The market rate for gold and other commodities is established by bids given by buyers and sellers in the Chicago Board of Trade.

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  • After Thanksgiving, the average market rate for a turkey skyrockets 50% for an average cost of a 13lb bird being a ridiculous $30!

    9 people found this helpful    
  • We wondered what the market rate was that was usually paid and we each bet each other what the answer would be.

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