basic rate

noun

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

Example Sentences

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

From Project Gutenberg

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

From Project Gutenberg

It would also permit the President to raise the basic rate from 20% to 25%.

From Project Gutenberg