Rate base,
Definition of Rate base:
(in the UK) the interest rate set by the Bank of England for lending to other banks, used as the benchmark for interest rates generally.
Number or value used in computing a service, taxation, or utility charge, or any other rate.
How to use Rate base in a sentence?
- If the Bank of England puts the base rate up, then mortgage rates will go up.
Meaning of Rate base & Rate base Definition
