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Definition of rack rate noun from the Oxford Advanced Learner's Dictionary

rack rate

noun
 
/ˈræk reɪt/
 
/ˈræk reɪt/
(especially North American English)
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  1. the standard price of a hotel roomTopics Holidaysc2
See rack rate in the Oxford Advanced American Dictionary
previously
adverb
 
 
From the Word list
Oxford 3000
B1
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