base ratenoun [ C ]
uk/ˈbeɪs ˌreɪt/us/ˈbeɪs ˌreɪt/UK specializeda rate (= level of interest) decided by the Bank of England that banks use when deciding how much to charge for lending money:
Your mortgage interest payments are two percent below the base rate.
Thesaurus: synonyms and related words
Interest & capital
- APR
- capital
- capital intensive
- capitalization
- coffer
- collateral
- fund
- interest rate
- interest-bearing
- lending rate
- money
- nest egg
- Premium Bond
- purse
- saving
- simple interest
- stock
- the smart money
- venture capital
- vested interest
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