agreed rate

USAGE SUMMARY

The phrase "agreed rate" is correct and usable in written English.
It can be used in contexts where a specific rate or price has been mutually accepted by parties involved in a transaction or agreement. Example: "We have finalized the contract at the agreed rate of $100 per hour for consulting services."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

18 human-written examples

Oasis pays the nationally agreed rate, neither more nor less.

The Guardian

Electricity generated by onshore wind is already cheaper than the agreed rate for Hinkley Point.

The Guardian

You'll then need to pay back the loan at an agreed rate".

The Guardian

This payment offsets the loss to the investor, providing insurance against inflation above the agreed rate.

The Economist

In exchange, the seller agrees to pay out whenever inflation is above an agreed rate.

The Economist

We all understand currency exchange – one national currency can be exchanged for another based on an agreed rate.

The Guardian - Opinion

Human-verified similar examples from authoritative sources

Similar Expressions

42 human-written examples

For the descriptive analyses, the ratings of these items were transformed into the percentages of GPs who agreed (rating of 4 or 5 on the Likert scale).

BMC Family Practice

Rob Hannah, the Kooyong physiotherapist who examined the injury, agreed, rating him no more than a 2% chance of withdrawing from the first grand slam of the season.

The Guardian - Sport

If accepted, they become obligatory for use to comply with a standard, but have to be licensed at agreed rates and equally to all applicants.

The Guardian - Tech

There were also revenue-recognition issues, including a "lack of systematic documentation of agreed rates and hours" and billing errors which had not been identified or corrected in time.

The New York Times

Entertainment Weekly Owen Gleiberman agreed, rating the film an A as a "rare and sparkling gem of a movie, directed by Jason Reitman with the polish of a master".

Wikipedia

Expert writing Tips

Best practice

When using "agreed rate", ensure that both parties involved are fully aware of and have formally accepted the rate to avoid potential disputes.

Common error

Avoid using "agreed rate" when the rate has not been explicitly confirmed by all parties. Use phrasing like "proposed rate" instead until formal agreement is reached.

Linguistic Context

The phrase "agreed rate" functions primarily as a noun phrase, where "agreed" acts as an adjective modifying the noun "rate". Ludwig examples show its frequent use in discussing financial agreements, contracts, and service compensations.

Expression frequency: Common

Frequent in

News & Media

50%

Science

28%

Formal & Business

11%

Less common in

Wiki

8%

Reference

2%

Social Media

1%

Ludwig's WRAP-UP

The phrase "agreed rate" is a grammatically sound and frequently used expression, indicating a price or cost mutually accepted by involved parties. As Ludwig AI confirms, it is correct and suitable for various contexts. Its usage spans from News & Media to Science and Formal & Business settings, denoting its versatility. When using "agreed rate", ensure clear and explicit confirmation from all parties to prevent any misunderstandings. Alternatives like "contracted rate" or "mutually accepted rate" can be used based on context. By understanding the grammatical function, communicative purpose, and common errors, you can effectively use "agreed rate" in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

contracted rate

Emphasizes the formal agreement aspect, implying a rate specified in a contract.

pre-arranged rate

Highlights the fact that the rate was arranged beforehand.

mutually accepted rate

Focuses on the agreement between parties involved.

established rate

Implies the rate is officially set or recognized.

fixed rate

Indicates the rate will not change.

negotiated rate

Suggests the rate was determined through negotiation.

predetermined rate

Highlights that the rate was decided in advance.

approved rate

Indicates that the rate has been officially sanctioned.

stipulated rate

Emphasizes the formal and precise nature of the rate agreement.

settled rate

Suggests the rate has been finalized and agreed upon.

FAQs

How can I use "agreed rate" in a sentence?

You can use "agreed rate" to describe a price or cost that has been mutually accepted, such as, "The company will be paid at the "contracted rate" for their services."

What are some alternatives to "agreed rate"?

Some alternatives to "agreed rate" include "contracted rate", "pre-arranged rate", or "mutually accepted rate" depending on the context.

Is it appropriate to use "agreed rate" in formal writing?

Yes, "agreed rate" is appropriate for formal writing, particularly in business or legal contexts where specifying a mutually accepted price is necessary.

What's the difference between "agreed rate" and "prevailing rate"?

"Agreed rate" refers to a rate specifically negotiated and accepted by parties involved, whereas "prevailing rate" refers to the standard or common rate in a market or industry.