Definitions from Wiktionary (base rate)

▸ noun:  (finance) A benchmark interest rate, from which other interest rates are calculated; a policy rate.
▸ noun:  (finance, UK) Especially, the interest rate at which the Bank of England lends money to commercial banks.
▸ noun:  (sciences) The background rate of occurrence of any phenomenon, which informs any logical analysis of its rate of occurrence under any subset of circumstances; especially, the proportion of individuals in a population who have a certain characteristic (e.g., trait, experience, circumstance), irrespective of any treatment effects in a treatment group of a scientific study.




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