Bill Rate

Bill Rate

1. The amount that a company or professional charges per hour of work. For example, the bill rate for an attorney may be $300 per hour.

2. The interest rate on a debt security with a maturity of one year or less.
References in periodicals archive ?
The plan, 'Akiba Mkononi' enables subscribers to open and manage accounts from a mobile phone and earn interest at a rate which will be two percentage points off the prevailing Treasury Bill rate.
Not all buildings will benefit by utilizing this bill rate, but for many this will be the answer to the high cost of water billing.