ratemaking

[ reyt-mey-king ]

noun

1. the process or practice of establishing rates of payment, especially for public transportation or utilities.

adjective

1. of or relating to ratemaking.

Word History and Origins

Origin of ratemaking¹

First recorded in 1820–30; rate ¹( def ) + making ( def )

Example Sentences

That almost-impossible-to-follow ratemaking process occurs in Sacramento at the California Public Utilities Commission without much city oversight at the moment.

From Voice of San Diego