Take-Up Rate

Take-Up Rate

The percentage of persons who are eligible for some benefit or compensation who take advantage of it. The take-up rate may refer, for example, to persons eligible for a portion of a class action judgment or persons who qualify for some government assistance. Due to lack of information and other reasons, it is virtually impossible for a take-up rate to approach 100% in most situations.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved