competitive rate

USAGE SUMMARY

"competitive rate" is correct and usable in written English.
In general, you can use it when referring to a rate set for an industry or a product or service that is lower than the usual rate. For example, "This store offers a competitive rate for their electronics compared to other stores in the area."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

"It's not a very competitive rate," he said.

The New York Times

Is a competitive rate of interest being paid?

The New York Times

"I now think we have a competitive rate of tax".

Independent

"Sometimes people are not getting a competitive rate," he added.

The New York Times

An internationally competitive rate would be between 15-19% and we could live with that".

The Guardian

It might be a competitive rate, or even an absolute bargain.

The Guardian - Opinion

The new regulations will require banks to pay a more competitive rate of about 2.7percentt.

The New York Times

A spokesman said: "This is a competitive rate in the general unsecured debt marketplace.

The Guardian - Business

"I negotiated a mortgage at a prevailing rate, a competitive rate.

The New York Times

"I bill out at a competitive rate, but I'm not cheap".

The New York Times - Magazine

It was a highly competitive rate of interest but still not as good as its corresponding non-Isa rate.

The Guardian - Money

Expert writing Tips

Best practice

When negotiating prices or services, research the average market value to ensure you're getting a "competitive rate".

Common error

Don't equate a "competitive rate" solely with the lowest price. Consider the quality of the product or service, as a slightly higher rate might offer significantly better value.

Linguistic Context

The phrase "competitive rate" functions primarily as a modifier-noun combination, where "competitive" modifies the noun "rate". It describes a rate that is advantageous when compared to others in the market. As Ludwig AI explains, it's a correct and usable phrase in English.

Expression frequency: Very common

Frequent in

News & Media

55%

Science

25%

Formal & Business

10%

Less common in

Wiki

5%

Academia

3%

Social Media

2%

Ludwig's WRAP-UP

In summary, "competitive rate" is a widely used phrase to describe a price, interest, or wage that is appealing in comparison to others in the market. As Ludwig AI confirms, it's grammatically correct and suitable for various contexts, particularly in news, business, and scientific domains. When aiming for clear and persuasive communication, especially in commercial or informational settings, "competitive rate" serves as an effective way to highlight value and attract attention. While alternatives exist, such as "advantageous rate" or "favorable rate", the core meaning remains consistent: a rate that offers a distinct advantage.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

advantageous rate

Focuses on the benefit the rate provides, shifting from a market comparison to a user-centric perspective.

favorable rate

Emphasizes the positive nature of the rate, suggesting it's beneficial and pleasing.

attractive rate

Highlights the appealing quality of the rate, drawing attention to its desirability.

discounted rate

Indicates a reduction from a standard price, emphasizing the cost-saving aspect.

reasonable rate

Suggests the rate is fair and justifiable, focusing on its appropriateness.

market rate

Refers to the prevailing rate in the market, emphasizing its alignment with industry standards.

preferential rate

Implies a rate given as a special favor or advantage, highlighting its exclusivity.

promotional rate

Denotes a rate offered as part of a promotion, focusing on its temporary and marketing-driven nature.

special rate

Indicates the rate is not standard, but tailored to a specific situation or customer.

cut-rate

Implies that the rate is unusually low, potentially sacrificing quality or service.

FAQs

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

You can use "competitive rate" to describe prices, interest rates, or wages that are comparable to or better than those offered by competitors. For example, "The company offers a "competitive rate" for its services compared to other providers".

What's the difference between "competitive rate" and "market rate"?

"Competitive rate" implies an effort to be appealing compared to rivals, whereas "market rate" simply reflects the average price currently offered. A "competitive rate" may be lower than the "market rate" to attract customers.

Which is more desirable, "competitive rate" or "standard rate"?

A "competitive rate" is generally more desirable than a "standard rate" because it suggests the price or terms are favorable compared to others in the market. The goal is always to get a more "competitive rate".

What can I say instead of "competitive rate"?

You can use alternatives such as "advantageous rate", "favorable rate", or "attractive rate" to convey a similar meaning depending on the context.