going rate
- noun
- Okay, contractor, I'll pay you the going rate for labor on whatever job you're assigned.
Just give me the going rate, what's out there right now.
- Just give me the going rate, what's out there right now.
Examples
-
What's the going rate these days?
-
First-year pay of $85,000 emerges as the new going rate at the biggest firms.
Academic text (2009) -
You understand that I can only pay half the going rate?
Fiction book (1992) -
Get as much per hour on your going rate as you can.
Blog text (1) -
Just give me the going rate, what's out there right now.
-
And what's the going rate?
-
It's the going rate for judges.
-
Rather, I'd expect they just pay whatever their going rate is for the procedure.
Blog text (3) -
Second question, what is a fair going rate to pay your trainers that are employees across the board?
-
Last we heard, the going rate for commercial, bay-caught halibut is $4 a pound.
Synonyms
The price charged for something often per hour or unit
The price people pay for something like shares or houses when it is bought and sold freely
The amount of money a worker gets for each hour or week of work
How Expensive
- Specialized
Surface Forms
Morphology
The meaning 'the price generally accepted at a particular time' is directly compositional from 'going' (here meaning current/prevailing) + 'rate' (price/charge). This adjective+noun pattern is common cross-linguistically and follows normal English composition, so a B1 learner who knows both constituents would very likely infer the MWE's meaning.
Etymology
Going rate may come from busy markets where a seller says an item is 'going' at a certain price that day. The word going shows what is happening now and rate means price, so it came to mean the 'usual' or 'current' price or wage.