Definition of Market rate:
The current annual percentage rate of interest (whether charged on loans or accruing to investments) as determined by market forces.
The price currently asked for a commodity or service in a particular market.
The usual price in the market
Example: We pay the market rate for temporary staff or We pay temporary staff the market rate.
How to 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.
- We wondered what the market rate was that was usually paid and we each bet each other what the answer would be.
- After Thanksgiving, the average market rate for a turkey skyrockets 50% for an average cost of a 13lb bird being a ridiculous $30!.
Meaning of Market rate & Market rate Definition