time rate

Definition

noun
a rate for work which is calculated as money per hour or per week, and not money for work completed

Use time rate in a sentence

If you want to know exactly how much something will cost your company you need to figure out the time rate.

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I figure my time rate for doing this is well above what I make watching television or playing a game but some people don't have the same opinion.

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The company explained to their new employees that they paid a time rate and not salary or commission rate and would be paid at the end of each week for the hours they worked at their designated time rate.

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