base rate
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English
Noun
base rate (plural base rates)
- (finance) A benchmark interest rate, from which other interest rates are calculated; a policy rate.
- On loans to higher-risk customers, the bank charges 5% above the base rate.
- (finance, UK) Especially, the interest rate at which the Bank of England lends money to commercial banks.
- (sciences) The background rate of occurrence of any phenomenon, which informs any logical analysis of its rate of occurrence under any subset of circumstances; especially, the proportion of individuals in a population who have a certain characteristic (e.g., trait, experience, circumstance), irrespective of any treatment effects in a treatment group of a scientific study.