set-rate
nounUK /ˈsɛt reɪt/
US /ˈsɛt reɪt/
A set rate is a price that stays the same and does not change.
The taxi charges a set rate for trips to the airport.
OTHER MEANINGS
2. A speed or level that is fixed in advance.
The machine runs at a set rate of fifty bottles per minute.
3. A regular amount paid for a service over a period of time.
Members pay a set rate each month for the gym.
4. An agreed amount used for calculating payments, such as interest.
The loan has a set rate of five percent.