FLATRATE

Flat rate

A flat fee, also referred to as a flat rate or a linear rate, refers to a pricing structure that charges a single fixed fee for a service, regardless of usage. Rarely, it may refer to a rate that does not vary with usage or time of use. Another term used is "flate", a hybrid of "flat" and "rate".

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flat rate

Noun

  1. An amount of money paid by everyone or every user of something.
    Customers are expected to pay a flat rate of £15 monthly.


The above text is a snippet from Wiktionary: flat rate
and as such is available under the Creative Commons Attribution/Share-Alike License.

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