time rate
English
Noun
time
rate
(
plural
time rates
)
(
business
,
law
,
human resources
)
A
form
of
compensation
in which an
employee
is paid for the
amount
of
time
spent at
work
, usually as a
weekly
wage
or a
monthly
salary
.
(
business
)
The
rate
of
fare
assessed
for use of a
taxicab
based upon an
element
of
time
.
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