basic rate


noun
  1. the standard or lowest level on a scale of money payable, esp in taxation

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

How to use basic rate in a sentence

  • But the basic rate to the East and Europe, fixing the all-rail rates, is the combined lake and rail.

  • These rates vary from about one-third to more than double the basic rate.

    Area Handbook for Romania | Eugene K. Keefe, Donald W. Bernier, Lyle E. Brenneman, William Giloane, James M. Moore, and Neda A. Walpole
  • It would also permit the President to raise the basic rate from 20% to 25%.