base rate
noun
Forms base rates
- noun (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.”
- noun (finance, UK) Especially, the interest rate at which the Bank of England lends money to commercial banks.
- noun (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.
Sources: Wiktionary — from the Wiktionary entry “base rate”, CC BY-SA 4.0. Details