What is the definition of Basing rate? | Dictionary.net

BASING RATE

\bˈe͡ɪsɪŋ ɹˈe͡ɪt], \bˈe‍ɪsɪŋ ɹˈe‍ɪt], \b_ˈeɪ_s_ɪ_ŋ ɹ_ˈeɪ_t]\

Definitions of BASING RATE

1910 - Black's Law Dictionary (2nd edition)

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The point of reference for freight rates that any changes are made to before it arrives at its destination.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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