Payment Rate (Noun)
Meaning
The amount of money paid out per unit time.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The payment rate for the freelance writer was $50 per hour of work completed.
- To calculate the payment rate, we need to know the total amount paid and the time period it covers.
- The company offers a competitive payment rate to its employees, with annual bonuses and benefits.
- After negotiating with the client, the consultant agreed on a payment rate of $100 per day.
- The payment rate for the part-time job was $15 per hour, with opportunities for overtime pay.