base rate (English, noun)
expansion: base rate (plural base rates)
Senses:
topics: business
finance
glosses: A benchmark interest rate, from which other interest rates are calculated; a policy rate.
topics: business
finance
glosses: A benchmark interest rate, from which other interest rates are calculated; a policy rate.
Especially, the interest rate at which the Bank of England lends money to commercial banks.
tags: UK
topics: sciences
glosses: 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.
Forms:
form: base rates
tags: plural